Really? You don't think it should be illegal to crash the economy? To cost millions of innocent people their jobs and their homes? What is the point of having a government then? What does it matter if the police are there to bust the thug who steals $100 from the corner quickie mart, if they can't stop men in suits from stealing trillions of dollars?Or it could be that we don't think it should be illegal.
Every other property crime committed in this country is nothing but statistical noise when compared to the damage done by the financial crisis. That is not hyperbole. The losses to the banks alone (not counting any other businesses, government, or individuals) is around 4 trillion, total property crime in 2009 only amounted to 15 billion.
It would not be disproportionate to suggest that the entire law enforcement budget of the US should be directed towards convicting those responsible for the financial crisis. It's beyond bizarre that anyone could argue that they don't deserve punishment.
Not only did they take on too much risk, but they misrepresented the risk. They misrepresented the derivative products they sold, and they misrepresented the health of their own companies to share holders. Remember all that uncertainty during the crash, nobody knew what they owned. That uncertainty is what should be criminal. They have a responsibility to know what they have and what they are selling.Or maybe that coming up with legislation that would cover what happened is extremely difficult in the legal sense. All they did was not think far enough forward and took on risk.
Great idea. We should let the burglary industry police itself as well. Let's let the shoplifting industry police itself too. Honestly, are people really that gullible?People would rather self police than have government oversight and regulation.
That's all I want too. The problem is that the people they should be protecting us from are the people calling the shots.MrPopo wrote: Personally I just want the government to protect the people.
I really don't understand you Popo. When it comes to something innocuous like smoking pot, you're ready to throw me in jail. When it comes to people crashing the entire economy, you don't think anyone needs to go to jail. There is something seriously wrong with your sense of justice.