This is a complete list of Wall Street CEOs prosecuted for their role in the financia

[angrydude]

So you have no basis for saying that the bankers should be jailed?

So you find it easier to assume that since the SEC isn't the enforcing the law that no law was broken. Got it.

[vy65]

So you find it easier to assume that since the SEC isn't the enforcing the law that no law was broken. Got it.

Never said that and you didn't answer my question: are you calling for criminal prosecutions based on a "hunch?"

[angrydude]

So you find it easier to assume that since the SEC isn't the enforcing the law that no law was broken. Got it.

And when big ins utions do get sued for fraud (like I mentioned before), they just settle and pay fines. No criminal charges get brought.

http://www.foxbusiness.com/news/2013...urities-fraud/

The lawsuits are the latest legal headache for the second-largest U.S. bank, which has already agreed to pay in excess of $45 billion to settle disputes stemming from the 2008 financial crisis.

So who went to jail for those? Money means nothing to banks.

[angrydude]

Whenever I read about some banker getting busted its always some lowly desk trader who has nothing to do with management.

[vy65]

If a monetary settlement is possible under the violated statutes, then I'd suggest the problem isn't with the "bad acts" of the bank, but the law's lack of teeth. You're focused on the wrong problem.

[angrydude]

If a monetary settlement is possible under the violated statutes, then I'd suggest the problem isn't with the "bad acts" of the bank, but the law's lack of teeth. You're focused on the wrong problem.

That's the point. The justice department has discretion of what charges to file. It only brings up civil cases to look like its doing something. Now I get that criminal cases are harder to prove, but shouldn't the government have the resources to try? And I know they aren't trying because of the lack of even attempted prosecutions.

It's like the goldman's successfully suing OJ civilly for murdering their son and the DA deciding not to bring criminal charges.

[vy65]

It's not just a matter of resources. Sure that's part of it. But I think a lot of what happened isn't technically a "crime" as the law is currently written.

[angrydude]

It's not just a matter of resources. Sure that's part of it. But I think a lot of what happened isn't technically a "crime" as the law is currently written.

Well, we'll never know because the big boys club isn't going to eat their own. But where there's smoke there's fire.

[boutons_deux]

weak laws, weak and/or non-existent enforcement. it how America rolls for the 1%, and it's not accidental, but explicit, relentless policy changes purchased by the 1% and corps since the 1960s.

[angrydude]

It's not just a matter of resources. Sure that's part of it. But I think a lot of what happened isn't technically a "crime" as the law is currently written.

And the revolving door between goldman sachs and Treasury tells me all I need to know.

[angrydude]

Honestly, its all a matter of motivation. When the government wants to it can get pretty damn creative in making a charge fit the facts.