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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (50039)	8/2/2013 2:58:19 PM
From: TimF	Read Replies (1) \| Respond to of 85487

Without real penalties, like say, hanging a few bankers in front of the New york Stock exchange on national TV, nothing will change. There is a difference between going after criminals on wall street, and going after wall street. Find a real, serious, provable crime, then fine go after the criminals, it doesn't matter if their in wall street, or living on the streets. . But a general campaign against bankers and investment bankers, and brokers etc. isn't going to do much good, and even for those that support the death penalty (many do not) hanging seems to far for many of these crimes (and isn't the legal punishment for the crimes, even if it became the normal legal punishment, that should only apply to future crimes, and isn't in any case a change I'd recommend.) As for the financial crisis and following recession, there are many causes, some of which have rather long roots back in to the past.

To: Broken_Clock who wrote (50039)	8/2/2013 3:06:39 PM
From: i-node	1 Recommendation Recommended By TimF Read Replies (1) \| Respond to of 85487

>> Without real penalties, like say, hanging a few bankers in front of the New york Stock exchange on national TV, nothing will change. We are supposedly a nation of laws, and the law is that we don't hang people for fraud, and we don't punish them at all unless it can be proven. Fraud can be very difficult to prove as the prosecution generally has to show intent, which can be hard or impossible, even if fraud did occur. But while we're on the topic, what do you think about Obama's collusion and duress in extorting money from the lenders (which was then given to the unions) in the GM bankruptcy? Do you think he should be hanged on Wall Street for that?