Quote:
Originally Posted by t walgamuth
To me the creative genius who came up with the idea of bundling worthless mortgages together and selling them as "investments" was the worst contributor. The people who rated them AAA also should have gone to jail.
The fact that nobody ever went to jail over this is my biggest disappointment in the Obama era.
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We may have seen nothing yet. The rich and white collar workers seldom see prisons. White collar crime is generally swept under the rug. Rigging is very typical today and ignored.
If convicted usually confined almost to a holiday camp and as soon as things cool down. Quietly released. Thanks to the publics short memory.
Also a criminal type conviction exposes them to civil suits. We do not want that do we. Let them keep the loot. They are all too aware of this as well.