This is a complete list of Wall Street CEOs prosecuted for their role in the financial crisis

[jakeXT]

Five years after Lehman fell, taking the global economy along with it, a roll call of Wall Street CEOs serving time for their role in the crisis looks something like this:

So, yeah. Zero Wall Street CEOs are in jail. But we did promise you a list:

1. No one.

2. LOL.

3. Wall Street's lawyers are amazing.

4. Etc. Etc.

It's not that federal government tried to prosecute a bunch of them but lost the cases. There were no serious efforts at criminal prosecutions at all.

Which isn't to say nobody is in jail. There have been prosecutions of various mortgage brokers and other small fish who lied or encouraged clients to lie on their applications for a home loan. The crisis exposed some outright fraudsters who are now in the slammer, such as Bernie Madoff and Allen Stanford. And, yes, major banks have been working through billions of dollars in civil settlements for shady behavior in the runup to the crisis.


http://m.washingtonpost.com/blogs/wonkblog/wp/2013/09/12/this-is-a-complete-list-of-wall-street-ceos-prosecuted-for-their-role-in-the-financial-crisis/

[gopiscrap]

1. That is so fucked up

[Fantastic Anarchist]

2. That was an easy question.

To be fair, these finance heroes can't be sent to jail; they're too big to fail. If they go to the Big House, our economy will tank, or so we're told.

[MoonRiver]

7. I know you were being sarcastic, but truth is there's lots of "talent"

waiting in the corporate wings. The CEOs would get used to less if we forced them to.

[Fantastic Anarchist]

8. I actually was going to mention the talent angle, too.

But thought better of it.

But essentially, yes, if we send these talented CEOs who have a special knack for tanking companies and receiving huge bonuses off to jail, where are we going to find their replacements? That kind of talent pool is not limitless, you know?

[MoonRiver]

10. "That kind of talent pool is not limitless, you know?"

Thank Gawd!

[Uncle Joe]

12. It's not the talent pool that's the problem, it's the money pool,

finding fresh replacements is "hard work."

Particulary if the top sharks get caught in the net.

[Fantastic Anarchist]

3. The only people who went to jail ...

... were Occupy protesters who were exercising their First Amendment rights trying to inform people about the corrupt system. Such people, under our system, are more dangerous than the people who tank economies of scale for profit.

Don't you know this?

[jakeXT]

4. Did they really go? The chalk guy is free

Occupy Wall Street protester could face up to 13 years in jail, $13,000 fine for writing anti-bank messages in chalk
http://news.nationalpost.com/2013/06/27/occupy-wall-street-protester-could-face-up-to-13-years-in-jail-13000-fine-for-writing-anti-bank-messages-in-chalk/

Local man found not guilty in chalk vandalism case

http://www.10news.com/news/verdict-in-san-diego-chalk-vandalism-case-070113

[mick063]

5. So give me a list of Wall Street crooks that were found "not guilty"

I don't know what to make of your post. It seems you are defending the concept of Wall Street immunity.

[Fantastic Anarchist]

6. A few got off ...

... but many suffered incarceration because they dared speak up about the real criminals in this country.

[Romulox]

9. Prosecuting financial fraud would take resources away from busting medical marijuana patients.

Hmmmm. What to do?

[woo me with science]

11. K&R