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View Diary: Pres. Obama: "Bankers Were Creative but Their Actions Weren't Necessarily Illegal" (175 comments)

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  •  Yeah... (2+ / 0-)
    Recommended by:
    eXtina, joe shikspack

    Totally right...it is like when I got my first speeding ticket.  I was able to plead to have it removed from my record if I didn't have another ticket in the next 3 years.

    I didn't realize that this was allowed for major money laundering operations as well.  What about murder?  If you kill someone, can you then make a plead like this where if you don't commit another murder in the next year you get the crime wiped from your record?

    Man, people who commit major crimes really need to find lawyers that can get these kind of deals...then it would be a pleasure to be prosecuted.  Steal $100 million, pay $15 million fine and promise not to do it again in the next year.  quite the life.

    •  Do you have any idea at all (0+ / 0-)

      how difficult it is to prosecute complicated financial crimes and get an actual conviction after trial? Never mind answering. I think I can guess.

      There's quite a lot of value in plea bargains, actually.

      And, by the way, I don't think you answered my question.  

      •  This is not complicated... (3+ / 0-)
        Recommended by:
        eXtina, joe shikspack, Nailbanger

        This is not a complicated financial crime.  This is money laundering for drug cartels.  This is failure to report large, suspicious sums of money and transactions in violation of federal law.

        And, just for us that are clueless in your mind, I want to know which of the following is a plea bargain in your mind:
        1) We ask you to promise not to do it again for a year, and if so no crime will be recorded against you, while fining you a small amount of what you made by committing the crime.
        2) We allow you to plead guilty to what you did, and go to jail for a shorter sentence with a permanent crime on your record.

        Now, imagine we are talking about Wachovia/Wells Fargo instead of a drug dealer.  Well, when you were imagining the drug dealer, were you thinking of punishment 2, and when you were imagining the corporation were you thinking of punishment 1?  Ah, good...so you feel that the "important" people should be protected.  I don't.

      •  SO. WHAT. (2+ / 0-)
        Recommended by:
        Tantris, joe shikspack
        how difficult it is to prosecute complicated financial crimes and get an actual conviction after trial?

        i guess that's a reason to not bother trying

        "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

        by eXtina on Tue Nov 29, 2011 at 09:51:20 AM PST

        [ Parent ]

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