2 ms·
The financial crisis was one big fuck-up, but that fuck-up was accidental and not on purpose. Generally, there is no criminal liability for an accident, becaus
by codex 13y ago
The financial crisis was one big fuck-up, but that fuck-up was accidental and not on purpose. Generally, there is no criminal liability for an accident, because it was an accident. There is criminal neglect, but that doesn't come into play here: given a reasonable level of expertise, it was impossible to predict, and, after the fact, can be seen as a natural consequence of the structure of the world financial system. Who do you jail for accidentally, unpredictably creating a flaw in a worldwide system?