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

  1. #41
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by DaveFagan View Post
    In fact, it is the Mortgage tranches where large numbers of mortgages are grouped together and sold as an investment vehicle. Some group is in charge of this department. Then the investment vehicles are promoted by marketing people as investments that will likely pay a decent return. However, at this point B of A, JP Morgan. etc., bet against their own investment vehicles that they were promoting to their customers. That's fraud or I'm pretty sure it's fraud. Same as a used car dealer telling you a car is fine when he knows it is going to crap out in 600 miles. You have to prove these things, but what I have stated has already been proven. Nowadays, the FED's QE program is purchasing these mortgages to bail out the same criminals, I guess.
    So someone somewhere broke some laws, I'm pretty sure.

    Like I said, just ranting about The Man and don't have any idea what you are talking about. That's what I thought.

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  2. #42
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by a351 View Post
    So Madoff in your view should be a poor, yet free man? That's absurd. At some point fraud and financial illegalities rise above the level of deserving merely monetary punishment.
    how is the public safer with that guy in jail rather than being sued into the poor house. his ability to victimize anyone again was zero once he was convicted



  3. #43
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by TurtleDude View Post
    how is the public safer with that guy in jail rather than being sued into the poor house. his ability to victimize anyone again was zero once he was convicted
    It's not about safety, it's about appropriate punishment for the crimes committed. Putting him in jail essentially ruins him financially as well, in addition to ensuring that he's not able to resume a life with any degree of comfort. His sentence should be no more lenient than that of an individual who steals in a more conventional fashion.

  4. #44
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by a351 View Post
    It's not about safety, it's about appropriate punishment for the crimes committed. Putting him in jail essentially ruins him financially as well, in addition to ensuring that he's not able to resume a life with any degree of comfort. His sentence should be no more lenient than that of an individual who steals in a more conventional fashion.
    so you make it about revenge rather than public safety. That works.



  5. #45
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by TurtleDude View Post
    so you make it about revenge rather than public safety. That works.
    Punishing evildoers is part of the process so that others get the living hell scared out of them if they ever even think about screwing people the way Madoff did.
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  6. #46
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by TurtleDude View Post
    so you make it about revenge rather than public safety. That works.
    Use whatever term you may. Those that steal from and defraud thousands of individuals should not be free to rebuild a life of any comfort or normalcy.
    Last edited by a351; 10-26-13 at 12:21 PM.

  7. #47
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by haymarket View Post
    Punishing evildoers is part of the process so that others get the living hell scared out of them if they ever even think about screwing people the way Madoff did.
    SO you advocate the Wheel or the Pear for Madoff?

    I like the line from TRADING PLACES

    Billy Ray Valentine (Eddie Murphy) You know, it occurs to me the best way you hurt rich people is by turning them into poor people"



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

    Quote Originally Posted by TurtleDude View Post
    SO you advocate the Wheel or the Pear for Madoff?

    I like the line from TRADING PLACES

    Billy Ray Valentine (Eddie Murphy) You know, it occurs to me the best way you hurt rich people is by turning them into poor people"
    I would imagine lots of rich crooks would feel that way since it leaves them free to try and do it again.
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by haymarket View Post
    Punishing evildoers is part of the process so that others get the living hell scared out of them if they ever even think about screwing people the way Madoff did.
    Punishment doesn't necessarily mean jail time. The jails are already full of people who are not a threat to the physical well being of others and who should be let out.

    Two or three times reparations to the defrauded people plus a hefty fine sounds much more appropriate.
    Don't be a grammar nazi - Marcus Aurelius, Meditations, Book 1 #7

  10. #50
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    Re: Should the Big Bankers and Wall Street execs get jail time?

    Quote Originally Posted by Gaius46 View Post
    Punishment doesn't necessarily mean jail time. The jails are already full of people who are not a threat to the physical well being of others and who should be let out.

    Two or three times reparations to the defrauded people plus a hefty fine sounds much more appropriate.
    So where does a Madoff get two or three times to pay these reparations?
    __________________________________________________ _
    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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