Bankers 'too important' to face criminal charges

[Ermz]

Thought some of you guys might get a kick out of this: http://m.rollingstone.com/politics/...lement-proves-the-drug-war-is-a-joke-20121213

Though this was not stated explicitly, the government's rationale in not pursuing criminal prosecutions against the bank was apparently rooted in concerns that putting executives from a "systemically important institution" in jail for drug laundering would threaten the stability of the financial system.

 

[StoneLord]

Argh. Dust of the guillotine.

 

[sprack]

Can we just jump to caste structures already.

 

[Genius Gone Insane]

The rich keep squeezing. The big wigs at the top should consider toning it down a little. With this type of bullshit continuing to escalate, how long before a breaking point hits and the public says "enough is enough"? With middle class gone civil wars will abound. It is an unfortunate possibility. These assholes at the top need to cut this shit out. Endless surveillance is not enough to stop 7.9 billion humans from revolting. I really hope it does not come to that.

 

[~BURNY~]

In other news: Miley Cyrus Pleasures Herself in 'Adore You'

 

[He's Dead, Jim]

I'm not necessarily disinclined to believe the reason they weren't prosecuted was because they were seen as systemically important, but it looks like that statement originated from Rolling Stone citing the NYT, which doesn't cite a source. That makes me a little skeptical, if only because the reason almost nobody has been prosecuted from the financial crisis of 2008 isn't because anything is viewed as "systemically important"; it's because it has been unbelievably difficult to prove specific individuals engaged in criminal behavior rather than stupid and irresponsible (but legal) business practices. As you go up the chain of command in big banks in a case like this, that might also be true.

Other than that, I completely agree with the article regardless, because either way somebody should either go to jail or have the company fined to within an inch of its life

 

[Loren Littlejohn]

I'm not surprised or really inclined to care. Those with the cash make the rules, seems to be that way since the dawn of time until those with the cash try to grab to much power and the citizens revolt.

 

[J.Paine]

it's because it has been unbelievably difficult to prove specific individuals engaged in criminal behavior rather than stupid and irresponsible (but legal) business practices. As you go up the chain of command in big banks in a case like this, that might also be true.

Iceland.