Law and Rights
My bet is that if you ask any ordinary guy on the street, you'd get a loud "sure" out of that question. Apparently I'm not the only one to think so, either. BNET agrees. Apparently other professionals do too.
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Law and Rights
Should Wall Street Bankers Go to Jail?
My bet is that if you ask any ordinary guy on the street, you'd get a loud "sure" out of that question. Apparently I'm not the only one to think so, either. BNET agrees. Apparently other professionals do too.
A UC criminologist agrees that the fear of prison can keep white collar crime rates down. Others point out that rich wall street bankers don't have any fear of civil fines and penalties. For example Goldman chief Lloyd Blankfein is a billionaire several times over, so getting hit with even a million dollar fine is peanuts.
An even better example is Maurice Greenberg, the former AIG chief, who paid a $15 million fine to settle federal charges that he had misrepresented the insurance giant's financial performance. In the process he admitted that if there had been jail time, he'd not have settled.
You can see more of the BNET article by clicking here: http://industry.bnet.com/financial-services/10009193/street-fight-time-to-send-bankers-to-jail/
As far as most people are concerned, these rich wall street bankers drove our economy into the dumpster, cost thousands of people their homes, put several million people out of work, and they deserve some jail time.
Reports are that the mess at Goldman Sachs is being investigated for criminal charges. 'bout time.
Ron Burdge
www.OhioConsumerLaw.com
Helping consumers protect themselves since 1978.
Subscribe in a reader- Saab - It Ain't Over Yet, Folks. 70 Million Rolls In At Last Minute
The Swedes aren't doing it the way US government officials did. Their government isn't rushing to the aid of Saab with a taxpayer bailout. Instead the company is forced to scramble to find money in the marketplace to stay in business. No...
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When Congress threw billions of dollars at Wall Street's minions and the Bankers boardrooms, there were few everyday people who like the idea and we were with them. Perhaps it was because Wall Street and Bankers do not produce anything "real" to most...
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