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kallend

Those wonderful folks in the financial services industry

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kallend


S&P settles for $billions on account of misleading investors in mortgage backed securities prior to the 2007 recession.

www.npr.org/blogs/thetwo-way/2015/02/03/383501044/s-p-pay-nearly-1-38b-to-settle-mortgage-crisis-claims




But corporations are people. Why isn't this person in jail?
Most of the things worth doing in the world had been declared impossilbe before they were done.
Louis D Brandeis

Where are we going and why are we in this basket?

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billvon

>But corporations are people. Why isn't this person in jail?

Seems kinda unfair to put the secretaries in jail.



:|

You can get jail time for shoplifting, but the people whose actions directly led to millions losing their retirement savings or homes (or both) just keep their jobs and big bonuses.

We have the best government money can buy.
...

The only sure way to survive a canopy collision is not to have one.

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>but the people whose actions directly led to millions losing their retirement savings or
>homes (or both) just keep their jobs and big bonuses.

Again, sorta unfair to put the secretaries in jail. Or the phone operators, or the salesmen, or the CTO.

However, if one person did in fact commit a crime, then by all means put him/her in jail.

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billvon

>but the people whose actions directly led to millions losing their retirement savings or
>homes (or both) just keep their jobs and big bonuses.

Again, sorta unfair to put the secretaries in jail. Or the phone operators, or the salesmen, or the CTO.

However, if one person did in fact commit a crime, then by all means put him/her in jail.



I dispute that secretaries or phone operators conspired to provide bogus ratings. That was done by executives.
...

The only sure way to survive a canopy collision is not to have one.

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kallend

***>but the people whose actions directly led to millions losing their retirement savings or
>homes (or both) just keep their jobs and big bonuses.

Again, sorta unfair to put the secretaries in jail. Or the phone operators, or the salesmen, or the CTO.

However, if one person did in fact commit a crime, then by all means put him/her in jail.



I dispute that secretaries or phone operators conspired to provide bogus ratings. That was done by executives.

Corruption, coverup and money. The full equal to sex in making the world go up and down, up and down, up and down.

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>I dispute that secretaries or phone operators conspired to provide bogus ratings.

Really? No phone operators offered people zero-down mortgages? No secretaries mailed out bogus ratings? Well, I guess we could just investigate them all and see what we find.

Or just fine the corporation billions, and use that to compensate the people harmed.

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billvon

>I dispute that secretaries or phone operators conspired to provide bogus ratings.

Really? No phone operators offered people zero-down mortgages? No secretaries mailed out bogus ratings? Well, I guess we could just investigate them all and see what we find.

Or just fine the corporation billions, and use that to compensate the people harmed.



You don't blame privates for the errors of generals.
...

The only sure way to survive a canopy collision is not to have one.

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