While I’m sympathetic, Im told the law simply wasn’t there.I’m open to argument, tho.
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For which of their many crimes?
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Hey, pick any crime, & make ( or direct me to) an argument. I would’ve jailed all, but I’m unsure the law was there
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Here's an accessible review focused on arguments that documented fraud couldn't be prosecuted. http://www.nybooks.com/articles/2014/01/09/financial-crisis-why-no-executive-prosecutions/ …pic.twitter.com/792HVgDPpZ
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weakened the willingness of govt. to prosecute. He spoke of this as his speculation./3
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He argued prosecutors *chose* to focus on corporate rather than individual wrongs, thus eliding criminal responsibility.pic.twitter.com/3paGhcKQ7l
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That part is right. There's a hysterical DOJ IG report on how FBI just couldn't figure out how to get MF narcs.
@shmr50
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The 10% of Obama's voters who voted for Trump prolly did so for other reasons, like that bank crisis devastated the country
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I agree 5-10 mid to high level bankers going to jail would have made Trump a non starter. Extend that to corps that avoid taxes
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Trump or Clinton
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Preet was good at catching some rogue traders, but not busting bankers? That's on Obama and DOJ Eric Holder
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the fed should have been banker of last resort for all. their actions distorted the market and made it uneven
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Observation II: if Obama wouldve prosecuted some bankers, Bernie wouldve been nominated & elected.
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If he busted Cuomo NY would be a better place.
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@WeMeantWell he busted plenty of them. He should have nailed Trump years ago -
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that he didn't bring those charges is problematic but 80% of the cases he fought were bankers
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