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

Should the Big Bankers and Walll Street execs get jail time?

  • Total voters
    48
  • Poll closed .
haymarket said:
That is one of the most outright absurd things I have ever heard. :doh Somebody steals your past and your future monies and that is not a danger to society!?!?!?!?!?!?!? :doh Amazing!!!!!!! :shock::roll:
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So let me restate since I apparently didn't such a good job first time around. Guys who show a willingness to to illegally perpetrate violence, for the safety of society, can only be effectively dealt with by incarceration. The same cannot be said for non violent offenders, be the drug users, petty thieves or white collar criminals.
 
haymarket said:
And pray tell us why the assets would be any different now with the lawsuit already filed than in your dream scenario in libertarian land?
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Assets aren't. Again while he's not in jail he can earn an income, which may well be substantial enough to repay part of his debt to the people he cheated.
 
DaveFagan said:
No! You are saying that.
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You are the one saying the Bankers should be in jail but so far have failed to provide any names or any evidence that could be used in court that supports your accusations.

As I said before, you are just ranting against them because you perceive them to be wealthy and powerful and you are envious.

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TOJ said:
You are the one saying the Bankers should be in jail but so far have failed to provide any names or any evidence that could be used in court that supports your accusations.

As I said before, you are just ranting against them because you perceive them to be wealthy and powerful and you are envious.

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Start with Jamie Dimon. The buck stops at the top.
 
DaveFagan said:
Start with Jamie Dimon. The buck stops at the top.
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What specific laws did he break and what evidence do you have that would stand up in court to support your accusations?

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TurtleDude said:
not really. once a cheat is exposed as a cheat, his ability to cheat others is greatly diminished

liberals often demand jail time in order to appease the butt hurt feelings of violent street crime supporters
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Actually it seems some of us are serious about crime while others only try to protect their fellow gang members.
 
Gaius46 said:
So let me restate since I apparently didn't such a good job first time around. Guys who show a willingness to to illegally perpetrate violence, for the safety of society, can only be effectively dealt with by incarceration. The same cannot be said for non violent offenders, be the drug users, petty thieves or white collar criminals.
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You obviously have a double standard.... one for small time crooks with big time punishment and another for big time crooks with a hand slap.
 
Gaius46 said:
Assets aren't. Again while he's not in jail he can earn an income, which may well be substantial enough to repay part of his debt to the people he cheated.
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How in the hell is Madoff suppose to EARN AN INCOME even if out of jail?
 
haymarket said:
Actually it seems some of us are serious about crime while others only try to protect their fellow gang members.
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yeah that is true

for years left wing democrats have done all that is possible to excuse minority street crime because the minorities who produce so many street criminals tend to vote Democrat at huge ratios-often 9X dem for every GOP vote
 
haymarket said:
How in the hell is Madoff suppose to EARN AN INCOME even if out of jail?
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do you believe he has a better chance at paying some restitution while in jail?
 
TurtleDude said:
yeah that is true

for years left wing democrats have done all that is possible to excuse minority street crime because the minorities who produce so many street criminals tend to vote Democrat at huge ratios-often 9X dem for every GOP vote
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I have been a Democrat for my entire adult life and have never seen anyone in the party leadership excuse street crime because it was committed by minorities.... let alone "have done all that is possible" But feel free to present some verifiable evidence of this allegation and claim.
 
TurtleDude said:
do you believe he has a better chance at paying some restitution while in jail?
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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

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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you countered with this
not really. once a cheat is exposed as a cheat, his ability to cheat others is greatly diminished
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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.
 
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TOJ said:
That is civil charges involving the bank. Where is your evidence that Mr. Dimon was criminally responsible for anything?

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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"
 
haymarket said:
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.
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I guess you are of the opinion that someone like Madoff has no ability to earn any income from legitimate activities.
 
TurtleDude said:
I guess you are of the opinion that someone like Madoff has no ability to earn any income from legitimate activities.
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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?
 
haymarket said:
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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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.
 
TurtleDude said:
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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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
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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.
 
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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" .
 
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TurtleDude said:
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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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
 
DaveFagan said:
The fish rots from the head. The buck stops at the top. See your soothsayer about those comprehension problems.
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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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justabubba said:
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
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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.
 
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