Bankers Knew
Who Knew? Via a post from Atrios:
"Before Washington Mutual collapsed ... its executives knowingly created "a mortgage time bomb" by steering borrowers to subprime mortgages and turning the loans into securities the company knew were likely to go bad, one of the most extensive investigations into the causes of the financial crisis has found."
Why, why, WHY aren't these people in prison? Hasn't anyone figured out that, like any career criminal, this is the only thing that is going to stop them? Until hundreds of them end up behind bars, they are going to continue plundering us. We can put hundreds of thousands of poor suckers in jail for smoking a joint, but somehow we can't afford to free up a few cells for these criminal Lamborghini driving bankers.
"Before Washington Mutual collapsed ... its executives knowingly created "a mortgage time bomb" by steering borrowers to subprime mortgages and turning the loans into securities the company knew were likely to go bad, one of the most extensive investigations into the causes of the financial crisis has found."
Why, why, WHY aren't these people in prison? Hasn't anyone figured out that, like any career criminal, this is the only thing that is going to stop them? Until hundreds of them end up behind bars, they are going to continue plundering us. We can put hundreds of thousands of poor suckers in jail for smoking a joint, but somehow we can't afford to free up a few cells for these criminal Lamborghini driving bankers.
Comments
"Poor" suckers go to jail for smoking a joint.
Rich bankers who smoke joints get a job with the Carlyle Group.