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AllTooEasy

(1,260 posts)

19. Can't prosecute here. It was all Legal

Mon Aug 22, 2016, 10:05 PM

Aug 2016

Last edited Tue Aug 23, 2016, 01:20 AM - Edit history (1)

...which is the real tragedy! What charges are you going to bring up? Following the rules, or lack there off, after the massive Wall St deregulations during the previous decade?

Watch the movie "The Big Short" - twice. It's a little hard to follow. You're going to pause the video several times and say "WTF?", "Really?", "Huh?". Eventually, you'll realize that the mortgage securities, CBOs, junk bonds, bullish propaganda, and faulty ratings were all LEGAL at that time.

Worst of all, most of it is still legal! They could do it again on an ignorant population and nobody would be legally subject to charges. Sorry to ruin your day, but Knowledge is Grief.

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31 replies

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Ireland Begins Arresting Top Bankers Responsible For 2008 Crash [View all] KamaAina Aug 2016 OP

Pity we won't do it here. dhol82 Aug 2016 #1

Can't prosecute here. It was all Legal AllTooEasy Aug 2016 #19

Phooey dhol82 Aug 2016 #23

Isn't there some kind of racketeering charge that would be possible? lostnfound Aug 2016 #26

Respectfully, but strongly, disagree . . FairWinds Aug 2016 #29

Here's the problem... AllTooEasy Aug 2016 #31

What took so long? saidsimplesimon Aug 2016 #2

Our laws in Ireland weren't strong enough when it comes to white collar crime, and some of the OnDoutside Aug 2016 #6

Thank you for the comment. saidsimplesimon Aug 2016 #8

They stuck at it in these cases at least, but there are plenty others who got away it. The OnDoutside Aug 2016 #21

Yes, wonder what the statute of limitations is treestar Aug 2016 #25

This message was self-deleted by its author MichiganVote Aug 2016 #3

You mean the US under Obama. kristopher Aug 2016 #9

This message was self-deleted by its author MichiganVote Aug 2016 #13

Slightly out of date (from April); Drumm still awaits trial, but others were convicted recently muriel_volestrangler Aug 2016 #4

The U.S. mainstream media PatSeg Aug 2016 #10

Drummer may get 5 years, and out in 3, if convicted. 3 of his colleagues are already in jail OnDoutside Aug 2016 #5

At least he is doing time FreakinDJ Aug 2016 #11

If you have time, have a listen to these tapes which were eventually uncovered OnDoutside Aug 2016 #7

This kind of thing will never ever happen here davidn3600 Aug 2016 #12

Actually that is not true. Hundreds of people went to jail for the S&L and other financial frauds still_one Aug 2016 #17

Over here they only went after those who flaunted their wealth in front of the public, or OnDoutside Aug 2016 #22

THIS is what we should aspire to... RazBerryBeret Aug 2016 #14

If only German authorities would take a close look at Deutsche Bank, Snarkoleptic Aug 2016 #15

Can I buy them a plane ticket to come here and do it? lindysalsagal Aug 2016 #16

and yet, in this country, the bankers get trillion dollar bailouts. niyad Aug 2016 #18

Really, American Exceptionalism But Not The Good Kind colsohlibgal Aug 2016 #20

And bonuses. Nt lostnfound Aug 2016 #27

yes, nearly forgot about those. niyad Aug 2016 #28

bravo, eggsclent . allan01 Aug 2016 #24

Something that will NEVER happen in good old USofA. SammyWinstonJack Aug 2016 #30