Are bankers too big to jail?

  • Article by: SIMON JOHNSON , Bloomberg News
  • Updated: February 5, 2013 - 4:15 PM
  • 11
  • Comments

  • Results per page:
hrearden57Feb. 5, 13 3:24 PM

How about John Corzine or Eric Holder for Fast and furious?

4
17
gandalf48Feb. 5, 13 3:56 PM

Hold your tongue, they're Democrats and therefore are not allowed to be legally prosecuted.

5
25
lawyerguyFeb. 5, 13 4:04 PM

Even assuming certain banks are too big to be prosecuted as organizations this should not preclude indicting individuals at all managment ranks engaging in criminal behavior. Sending these Ivy league educated bankers to prison would be a great object lesson and a huge deterrent to others tempted to game the system. It would also have little effect on the economy since there will be many in line to replace them. Further, the notion that subsequent wrongdoing might impact directors or the institutions themselves will instill some measure of ethical standards for future decisions--if only from pure self interest. Current DOJ policy is clearly to ignore wrongdoing by almost everyone having a significant role in the 2008 economic meltdown--which appears to have largely been caused by extreme, possibly criminal, greed and risk taking.

28
0
sharkysharkFeb. 5, 13 4:31 PM

Could anything be more obvious than our own government watchdogs selling us down the river. Listening to Breuer sounded suspiciously like someone who is looking out for his own interests first. Does anyone else wonder if there might be offshore accounts involved here?

10
5
money2145Feb. 5, 13 5:02 PM

That means these BANKERS are ABOVE THE LAW. If that's the case, we have to break them up into manageable companies before they bring the whole world to it's knees. If we follow the Oboma administration, we just say "They're too big" and we let them go. We cannot have companies run our country. We have to run them and hold them accountable.

21
1
comment229Feb. 5, 13 5:40 PM

I honestly don't know why anyone is getting excited or upset. This is the new America where the middle class is disappearing. Please tell me what laws these people broke? The answer is, none only because it is a stacked deck and the people who stacked the deck? Well, there are 535 of them; you figure it out.

8
3
Packman_1Feb. 5, 13 6:15 PM

What's even more galling is that these same bank ceos are now the ones clamoring that austerity measures are the only way to reduce the debt and save their wealth. Auseterity measures that will not effect themselves one bit. If the seven deadly sins are indeed deadly, these letches are cornering the market on at least half of them.

10
0
erikj3Feb. 5, 13 7:00 PM

"Are bankers too big to jail?"...NO!

6
0
brotherkennyFeb. 5, 13 7:01 PM

Which of the political parties is clamoring for justice? Is it the dems or the republicans? Oh wait, it's neither isn't it. Those are the leaders we elected and I think we knew who their true constituency was. I think most Americans prefer it that way. Freedom, liberty and justice are just some words we say sometimes. We don't mean it.

6
2
cyberhaze9Feb. 6, 13 7:21 AM

Two words: Inside Job

4
0

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT