General Discussion

1StrongBlackMan

(31,849 posts)

22. And I have provided the reason why ...

Thu Jan 2, 2014, 12:41 PM

Jan 2014

bad cases make bad law.

Besides, criminal prosecution of high level executives will do nothing (very little) to curb the conduct. The better approach (IMHO) would be, to borrow from Eddie Murphy's line in the movie Trading Places ... "the best way to get back a rich man is to make him a poor man" ... So if there is an appetite for curbing the conduct (rather than just seeking to punish) the DoJ could name these executives in the civil suits and upon verdict or settlement, bar them from the industry for life and issue fines (restitution) sufficient to capture all of the executive's (and their immediate family's) current and future wealth.

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Federal judge asks: Why haven�t any top executives been prosecuted for financial crisis? [View all] xchrom Jan 2014 OP

Um... Money. Glassunion Jan 2014 #1

Yes our money being used to buy their freedom madokie Jan 2014 #2

An excellent question. K&R nt TBF Jan 2014 #3

Is it George W. Bush's fault, somehow? nt Romulox Jan 2014 #4

Even Bush could put Jeff Skilling (CEO of Enron) in jail NobodyHere Jan 2014 #17

Lack of conscientious prosecutors seveneyes Jan 2014 #5

I am sure thats not legal. iandhr Jan 2014 #9

Didn't Wall St finance Obama's 2008 campaign FreakinDJ Jan 2014 #6

Doesn't Wall St finance all national office campaigns westerebus Jan 2014 #7

No FreakinDJ Jan 2014 #8

Most, yeah skydive forever Jan 2014 #12

Most. westerebus Jan 2014 #14

false, wall street is major contributor... there's no law keeping execs from giving money to pacs et uponit7771 Jan 2014 #25

Big fucking deal some two-bit fed judge is asking this question!!! ChisolmTrailDem Jan 2014 #10

+100........ n/t Hotler Jan 2014 #13

This message was self-deleted by its author skydive forever Jan 2014 #11

That must have been a rhetorical question... Blue_Tires Jan 2014 #15

because what they did wasn't illegal ???? LittleGirl Jan 2014 #16

I think the good judge has answered his own question ... 1StrongBlackMan Jan 2014 #18

If the DoJ were to take one of these cases to criminal trial... pscot Jan 2014 #20

And I have provided the reason why ... 1StrongBlackMan Jan 2014 #22

We routinely punish poor folk who transgress pscot Jan 2014 #24

The key word(s) here ... 1StrongBlackMan Jan 2014 #29

So the question really is: "why have no civil suits been brought against these bankers?" Blanks Jan 2014 #38

There have been several civil prosecutions ... 1StrongBlackMan Jan 2014 #39

Break up the banks! pscot Jan 2014 #52

I have long been an advocate of not breaking up the banks via legislation ... 1StrongBlackMan Jan 2014 #53

I disagree with your position regarding the firewall on deposits and increasing capital requirements TexasTowelie Jan 2014 #72

Okay .... 1StrongBlackMan Jan 2014 #74

It's a shame. One good class action suit victory would probably open the floodgates. eom Blanks Jan 2014 #79

No MFrohike Jan 2014 #60

If there are to be criminal prosecutions of executives ... 1StrongBlackMan Jan 2014 #80

It's an idea MFrohike Jan 2014 #81

Actually ... 1StrongBlackMan Jan 2014 #82

Interesting MFrohike Jan 2014 #83

" If the DoJ were to take one of these cases to criminal trial... Jerry442 Jan 2014 #50

The DoJ isn't ... 1StrongBlackMan Jan 2014 #51

May be not. westerebus Jan 2014 #58

Again ... 1StrongBlackMan Jan 2014 #59

Just because it's difficult doesn't mean it can't be done. westerebus Jan 2014 #61

Well ... 1StrongBlackMan Jan 2014 #65

Prudence makes cowards of us all. westerebus Jan 2014 #66

"Bad cases brought, makes for bad law." 1StrongBlackMan Jan 2014 #67

A reporter asked Nelson Rockefeller if his grandfather had broken any laws? westerebus Jan 2014 #69

And that is exactly what must be done in order to ... 1StrongBlackMan Jan 2014 #73

Let me get this right in my mind. westerebus Jan 2014 #75

I am saying ... 1StrongBlackMan Jan 2014 #76

I'm not a ignorant as you might presume on how the law operates. westerebus Jan 2014 #77

Yes ... 1StrongBlackMan Jan 2014 #78

Right! It's a mixture of laziness and collusion. JDPriestly Jan 2014 #70

Lanny Brewer . . . Triana Jan 2014 #19

It's a good question malaise Jan 2014 #21

Simple BobUp Jan 2014 #23

Didn't you know about Affluenza? Xyzse Jan 2014 #26

The new Twinkie defense El_Johns Jan 2014 #27

Yep! Xyzse Jan 2014 #28

HUGE K & R !!! WillyT Jan 2014 #30

CORRUPTION. woo me with science Jan 2014 #31

Because we're a nation of laws. CrispyQ Jan 2014 #32

Why? bvar22 Jan 2014 #33

+1 xchrom Jan 2014 #35

^This^ Egalitarian Thug Jan 2014 #37

1% Friends don't let their 1% friends drive drunk, ... bvar22 Jan 2014 #40

Envision them all in ORANGE. :-/ n/t DeSwiss Jan 2014 #48

Betcha' history will record this failure to prosecute as nonfeasance of mammoth indepat Jan 2014 #34

Two things. The uber-class are immune from prosecution if they steal from the lower classes. rhett o rick Jan 2014 #36

always been this way BlancheSplanchnik Jan 2014 #49

"Prosecutorial discretion" Nuclear Unicorn Jan 2014 #41

Ever heard the saying, "Justice may be blind, but it can smell money"? n/t winter is coming Jan 2014 #42

In the United States of America, no one is above the law* tclambert Jan 2014 #43

k & freaking r! n/t wildbilln864 Jan 2014 #44

He should be asking this question of Eric Holder and the Justice Department n/t markpkessinger Jan 2014 #45

They lied to their investors and got caught but it was okay because Bush bailed them out. Spitfire of ATJ Jan 2014 #46

''Because Citibank runs the Justice Department, judge.'' DeSwiss Jan 2014 #47

�My administration,� the president added, �is the only thing between you and the pitchforks.� Obama jtuck004 Jan 2014 #54

I know, I know!! Corporate Fascism. The corruption runs deep in both parties. nm rhett o rick Jan 2014 #56

He doubled down on that same mindset as Clinton got infected with. jtuck004 Jan 2014 #57

Thanks, but I gotta kinda go easy on those kind of movies. My heart isnt too strong. nm rhett o rick Jan 2014 #68

Yeah, there is that. But I think I've lost my expectations, so it's not so hard anymore. n/t jtuck004 Jan 2014 #71

Paging Mr. Holder! Paging Mr. Holder? NBachers Jan 2014 #55

Why you ask ? SamKnause Jan 2014 #62

Because, your honor, we have a class of super citizens that are completely above the law Nanjing to Seoul Jan 2014 #63

Because they shower money on everyone who might prosecute them Doctor_J Jan 2014 #64