Let's replace bank regulators with chimpanzees.
Also, punishing bank shareholders for the crimes of others simply raises the return that shareholders will demand in future for holding bank shares. And that will bump up the cost of mortgages. All in...
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Meanwhile back at the Obama ranch, Eric Holder himself is paying a visit to Ferguson Missouri to demonstrate just how serious the administration is ... ... about lagging behind as far as possible in...
View ArticleCriminal Prosecution and Fraud
"If the point is to have a sanction that will provide a serious disincentive to illegal actions then the Justice Department should have been trying to criminally prosecute the bankers themselves." If...
View ArticleThe justice system failed while under the influence of a Constitutional Law...
If this isn't a sign of a major shift of American democracy and justice, I don't know what it is. Our justice system has failed. Completely. It failed as a direct order from the top. Our leaders made...
View ArticleRequire professional licensing
I am an engineer, and pretty much everything I do I have to affix a stamp and signature which is a testament that I have reviewed the work that was performed and that I certify that it meets...
View ArticleSo, Ellis, please do explain ...
what, exactly, is the purpose of the legal system? Is it only the already obscenely rich whose propensity to crime cannot be effected the prospect of conviction and punishment? Or should the whole...
View ArticleAn Explanation
John, One lesson is that the Republicans are a lot tougher at prosecuting bankers and fraudsters than Democrats -- given Obama's record, compared to the two Bushes. But seriously, I believe the entire...
View ArticleStill Confused
Ellis, I might agree with you regarding the nature of the "entire economic system", but how does the nature of the economic system obviate the need to prosecute known, or suspected, criminals? If we're...
View ArticleTo Ellis: your tap dance was exquisite ...
but you haven't answered the question. If, as you claim, the prospect of legal penalty has NO effect on (potential) financial criminals, then it is of absolutely NO consequence which administration...
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