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View Diary: Too Big to Jail? (158 comments)

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  •  I simple fail to understand how anyone (32+ / 0-)

    Could plausibly assert that prosecuting an individual, even a CEO, could bring down an entire financial industry or the economy.  Corporations are NOT people, my friend.  It's a bullshit defense for any individual to claim that his prosecution would destroy his corporation, the behemoth is too large, and any individual is simply not that important.  Obviously any prosecution would not include every individual in the corporation, and you wouldn't be prosecuting them as a group.  What happens is the DOJ prosecutes, say, Jamie Dimon, the corporation goes on operating, other culpable operators within the corporation begin to clean up their acts, the DOJ proves its case, Dimon goes to jail, and then the next egregious crook is prosecuted.  You don't have to prosecute every crook on wall st., and you don't try to do it all at once.  You just set an example.
    Unless we set some examples for the Banksters and their little fraudlettes, they will reasonable believe that there is nothing they could do that could land them in jail, and further, that there is NOTHING that they SHOULDN'T do in pursuit of ever higher profits.

    •  I agree with this (2+ / 0-)
      Recommended by:
      divineorder, Buckeye54

      Great point. Prosecuting individuals even if they are CEOs will not bring down the global economy.

      Still, we also need to break up the big banks.

      A true craftsman will meticulously construct the apparatus of his own demise.

      by onionjim on Wed Apr 03, 2013 at 10:20:25 AM PDT

      [ Parent ]

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