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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 .
a351 said:
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.
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It says a great deal about our justice system when some teen who holds up a convenience store goes to prison while somebody who deprives thousands of people of the pensions that they worked thirty to forty years for walks away free as a bird.
 
Gipper said:
These are not cases for criminal court, and only a far-left ideologue would disagree. Making bad investments are not felonies.

That is absurd.
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Agreed. Shades of gray, bad behavior, and legal innovations should be confined to civil court. Criminal court should be the land of black-and-white crimes against persons and property.
 
Unitedwestand13 said:
in my opinion , the executives who were responsible for the 2008 crash should have been forced to give up to half their wages as compensation.
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So you think they get paid wages? Well, yes they do, a minor amount to make it look right. Their separate Cayman Island Businesses get paid huge amounts for 'services' they provide the bank.
 
Gipper said:
These are not cases for criminal court, and only a far-left ideologue would disagree. Making bad investments are not felonies.

That is absurd.
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So you are saying that DaveFafen, the one who started this thread, is far-left ideologue? Oh, thanks.
 
haymarket said:
It says a great deal about our justice system when some teen who holds up a convenience store goes to prison while somebody who deprives thousands of people of the pensions that they worked thirty to forty years for walks away free as a bird.
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A free bird with huge amounts of money, multiple estates, and staff managing and taking care of you desires and needs, etc.
 
OhIsee.Then said:
A free bird with huge amounts of money, multiple estates, and staff managing and taking care of you desires and needs, etc.
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Exactly. Its very sad that some here apologize for these thieves and want to cushion their landing simply because they were once rich and they worship that class above all.
 
TOJ said:
So someone somewhere broke some laws, I'm pretty sure. :lamo

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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The details sounded pretty specific to me. Fraud! Reading comprehension problems?
 
DaveFagan said:
The details sounded pretty specific to me. Fraud! Reading comprehension problems?
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Really? Who, specifically, should be prosecuted or are you saying all bankers should just imprisoned or executed.

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If they actually broke existing laws, then certainly, anyone who breaks the law should go to jail. However, there are a lot of people who seem to think that just because they're the focus of the financial failure, they should go to prison, even if everything they did was legal. It's absurd.
 
haymarket said:
So where does a Madoff get two or three times to pay these reparations?
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Liquidation of all his assets then garnishment like any other debtor with a judgment against them. With, of course, appropriate auditing to insure he isn't stashing money.

Granted he'll probably never be able to pay it all back but the defrauded get zilch if he's in jail.
 
haymarket said:
It says a great deal about our justice system when some teen who holds up a convenience store goes to prison while somebody who deprives thousands of people of the pensions that they worked thirty to forty years for walks away free as a bird.
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One is a crime of violence (if by "stickup" you mean "with a weapon") and one isn't.

No one is saying someone like Madoff should walk away free - get it right will you. What people are saying is that prison is probably not the appropriate punishment for people like him who have not committed crimes of violence.
 
Gaius46 said:
Liquidation of all his assets then garnishment like any other debtor with a judgment against them. With, of course, appropriate auditing to insure he isn't stashing money.

Granted he'll probably never be able to pay it all back but the defrauded get zilch if he's in jail.
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They can still sue for the same in court.

http://www.huffingtonpost.com/2012/05/07/bernard-madoff-family-lawsuit_n_1495916.html

and have done so and his fat ass is in prison where it belongs. Its NOT a choice between one and the other.
 
Gaius46 said:
One is a crime of violence (if by "stickup" you mean "with a weapon") and one isn't.

No one is saying someone like Madoff should walk away free - get it right will you. What people are saying is that prison is probably not the appropriate punishment for people like him who have not committed crimes of violence.
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So theft with a computer or manipulation is not theft? Gimee a freakin break. Where do you get this standard from anyway that only crimes of violence deserve prison? Are you making that up?
 
haymarket said:
So theft with a computer or manipulation is not theft? Gimee a freakin break. Where do you get this standard from anyway that only crimes of violence deserve prison? Are you making that up?
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Agree. People have gone to jail longer for foodstamp abuse then some of these execs that let Enron implode.
 
haymarket said:
They can still sue for the same in court.

Bernard Madoff's Family Hit With $255.3 Million Lawsuit

and have done so and his fat ass is in prison where it belongs. Its NOT a choice between one and the other.
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And again no one collects a dime while he's in jail - outside of what his assets bring, assuming the Feds didn't confiscate them that is (historically only about 10% of assets the Feds take from a criminal find their way back to the victims.
 
haymarket said:
So theft with a computer or manipulation is not theft? Gimee a freakin break. Where do you get this standard from anyway that only crimes of violence deserve prison? Are you making that up?
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It is theft and that's not the point. Guys who commit crimes with guns represent a danger to society that guns who commit crimes with computers simply do not. If there's only room for one at the inn I want the violent felon in jail not the white collar guy.
 
rabbitcaebannog said:
Agree. People have gone to jail longer for foodstamp abuse then some of these execs that let Enron implode.
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I don't think either really belong in jail. Fines and repayment should be sufficient
 
Gaius46 said:
And again no one collects a dime while he's in jail - outside of what his assets bring, assuming the Feds didn't confiscate them that is (historically only about 10% of assets the Feds take from a criminal find their way back to the victims.
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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?
 
Gaius46 said:
It is theft and that's not the point. Guys who commit crimes with guns represent a danger to society that guns who commit crimes with computers simply do not. If there's only room for one at the inn I want the violent felon in jail not the white collar guy.
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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:
 
haymarket said:
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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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
 
haymarket said:
It says a great deal about our justice system when some teen who holds up a convenience store goes to prison while somebody who deprives thousands of people of the pensions that they worked thirty to forty years for walks away free as a bird.
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because the way to stop violent criminals-other than the best way-shooting them-is to physically incapacitate them
 
If they weren't fired for being incompetent then they should go to Jail

If they were just stupid then they would have been fired.

Otherwise they were doing what would increase shareholder value. Jail them.
 
DaveFagan said:
When a bank is fined $$$$billions of dollars and agrees to pay it, don't you think that a crime must have been committed? Is a little common sense in order?
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not necessarily, sometimes business will pay the money instead of continuing a trial, then having to take time and money to continue the fight in court, ..sometimes its cheaper .
 
TOJ said:
Really? Who, specifically, should be prosecuted or are you saying all bankers should just imprisoned or executed.

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No! You are saying that.
 
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