View Poll Results: Should the Big Bankers and Walll Street execs get jail time?

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    36 64.29%
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    8 14.29%
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    2 3.57%
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Thread: Should the Big Bankers and Wall Street execs get jail time?

  1. #91
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by TOJ View Post
    That is civil charges involving the bank. Where is your evidence that Mr. Dimon was criminally responsible for anything?

    .
    The fish rots from the head. The buck stops at the top. See your soothsayer about those comprehension problems.

    "The latest settlement relating to mortgage-backed securities follows a fine of more than $900 million from a number of authorities over last year's London Whale trading incident, which Dimon had originally attempted to brush aside as "tempest in a teapot." The Whale episode also lost the bank $6.2 billion and Dimon's bonus was halved as a consequence. At issue in the latest settlement is whether the bank sold mortgages that it knew were riskier than they appeared. Investors, including government-owned mortgage agencies Fannie Mae and Freddie Mac, said that the bank told them loans were safer than they were, or that the bank was negligent in not verifying information from borrowers relating to their income and their ability to repay the debt. A sizable chunk of the $13 billion relates to customer redress. According to Bloomberg the settlement includes $4bn to the Federal Housing Finance Agency – which incorporates Fannie Mae and Freddie Mac. Dimon secured the tentative deal in a meeting with the Justice Department's attorney general, Eric Holder, according to CNBC. Steve Cutler, the bank's general counsel, and Tony West, Holder's deputy, were said to be involved. - See more at: http://www.occupy.com/article/jpmorgan-chase-fined-historic-13-billion-mortgage-fraud#sthash.SOXed0AN.dpuf"

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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by OhIsee.Then View Post
    .

    So you are saying that DaveFafen, the one who started this thread, is far-left ideologue? Oh, thanks.
    It's not what I'm saying, but that's actually true. He is.

  3. #93
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by haymarket View Post
    You told us yesterday that once a crook like this is exposed, nobody else will fall prey to his game. If that is true, how is Madoff suppose to "pay restitution" is given the chance to stay out of jail?

    your post 71

    I stated this



    you countered with this


    So who is going to do business with a guy like Madoff who has been exposed as a cheat so he can earn tens or hundreds of millions of dollars to pay back restitution and stay out of jail?

    And as a trained attorney and officer of the court you fully realize that this very suggestions sets up two very different and unequal standards of justice - one for rich people who can financially "pay for their crimes" with money or the prospect of it and a far more restrictive type of justice for the rest of us who will do hard time and hope that our cell mate does not take a liking to our pretty mouth. And as an attorney and officer of the court I would hope you see the fundamental problem in those two different standards.
    I guess you are of the opinion that someone like Madoff has no ability to earn any income from legitimate activities.



  4. #94
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by TurtleDude View Post
    I guess you are of the opinion that someone like Madoff has no ability to earn any income from legitimate activities.
    We could debate that and I certainly am open to you coming up with realistic and probable ways for him to earn that mountain of money to pay it all back. But regardless of that pipe dream, what you advocate establishes two very different standards of justice - one for the rich and a different one for everyone else. The rich would be permitted to buy their way off and stay out of prison while the rest of us do hard time behind bars.

    Is that the America you advocate?
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by haymarket View Post
    We could debate that and I certainly am open to you coming up with realistic and probable ways for him to earn that mountain of money to pay it all back. But regardless of that pipe dream, what you advocate establishes two very different standards of justice - one for the rich and a different one for everyone else. The rich would be permitted to buy their way off and stay out of prison while the rest of us do hard time behind bars.

    Is that the America you advocate?
    no matter what he does he won't be able to pay anyone 100 cents on the dollar.

    I believe Jail should be reserved for people who are violent and need to be physically incapacitated.



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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by TurtleDude View Post
    no matter what he does he won't be able to pay anyone 100 cents on the dollar.

    I believe Jail should be reserved for people who are violent and need to be physically incapacitated.
    That would be consistent with the idea that there should be two standards of justice - one for those who can buy their way out of trouble and another for the poor and working folks.

    Again, you stated that once he is exposed that nobody would want to deal with him again.

    once a cheat is exposed as a cheat, his ability to cheat others is greatly diminished
    Now you chime in about 100 cents on the dollar. I ask you yet again - how is Madoff suppose to earn any significant money at all when by your own admission, he is now a pariah who people will not deal with?

    Is an investment bank going to hire him in all likelyhood?
    Is a Wall Street firm going to hire him to handle accounts?
    Can he go into business on his own and be viable with customers and accounts?

    By your own standard and claim - he is up the creek without a paddle.
    Last edited by haymarket; 10-27-13 at 12:01 PM.
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Vote = "other" , what else....
    Jail time ?
    NO
    This I am against ...for anyone..
    We must work on improving the system....starting with campaign and campaign finance reform - actually a complete over-haul.
    The ones who wrote the "de-regulation" laws should be censored...publically
    The criminal should pay back as much as possible, if not 100%.
    However, there is much truth that man's greed plays a major role...that the greedy ones should recieve....10%....
    Probably all of us are "greedy" ...I know that i am....
    So, we must "man up" and sadly accept our losses...
    The whole "investing" thing is in need of "reform" .
    Last edited by earthworm; 10-27-13 at 12:18 PM.

  8. #98
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by TurtleDude View Post
    no matter what he does he won't be able to pay anyone 100 cents on the dollar.

    I believe Jail should be reserved for people who are violent and need to be physically incapacitated.
    so, those who committed fraud and manipulated the markets, thereby imposing severe financial hardship on millions of victimized citizens, should not face the prospect of imprisonment for their actions
    of all your inane posts i have read, this one may be the most absurd
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  9. #99
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by DaveFagan View Post
    The fish rots from the head. The buck stops at the top. See your soothsayer about those comprehension problems.
    So now you are talking about fish. Did you discover, you're pretty sure, that some fish somewhere broke some law.

    I see you are not able to come up with specific laws, with supporting evidence, that Mr. Dimon broke.

    All you can do is throw out childish insults. I guess no one should be surprised with your history on DP.

    .

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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by justabubba View Post
    so, those who committed fraud and manipulated the markets, thereby imposing severe financial hardship on millions of victimized citizens, should not face the prospect of imprisonment for their actions
    of all your inane posts i have read, this one may be the most absurd
    Exactly.

    It is simply part of an agenda to favor the rich and powerful over the common person. Two different sets of what constitutes JUSTICE. One for the rich and a different one for the rest of America.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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