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Why isn't Wall Street in Jail?

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Author Topic: Why isn't Wall Street in Jail?  (Read 1385 times)
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lil mike
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« on: February 22, 2011, 09:08:11 pm »

http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216?page=6

A long but interesting read.

I have stated numerous times our elected officials have sold out the middle class. The Bankers and Wall Street rip us off because they know darn well nothing will happen to them. If the financial crisis was so bad, them why isn't anyone doing jail time? These CEO's pay a fine which is usually a portion of the money they stole, they don't have to admit any guilt and go about there merry way. Disgusting!

It's worse than that.  There industry had gotten too big and bloated, and rather than let the free market shrink the financial industry back to a reasonable size during the recession, we saved it in it's bloated form, making sure that the next recession will hurt even worse.
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