4 ms·
I'm surprised by the trend of comments here suggesting that the US government is going after some of these guys too hard. I thought the general perception is th
by gregcohn 14y ago
I'm surprised by the trend of comments here suggesting that the US government is going after some of these guys too hard. I thought the general perception is that they haven't gone after enough wall street swindlers. For example, I'm not aware of anyone that's gone to jail for the 2007-8 US housing & subprime crash, despite the fact that clear malfeasance wiped out billions of dollars of economic and consumer value.
- angersock 14y ago...which should raise immediate warning bells. Given two lemmas: 1. The Feds can nail anyone they want to the wall. 2. The Feds have not prosecuted anyone meaningful for the crash. What might we conclude?
- pdonis 14y agoWe might conclude that too many Federal officials had their fingers in the pie, and any prosecution of the Wall Street executives involved would have revealed too much of what went on behind closed doors.