Banks are too big to prosecute

[The Q]

Personally, I'm with you guys on this one.

This is crap. If you're gonna let them have all this power, and let them combine with other financial institutions by repealing other laws, you better know how to hold them accountable for allowing them to become so freaking massive.

[eaglesnut]

How exactly do you propose destroying one of these institutions?

How does one go about destroying Citibank?

Prosecute them. That is the topic here.

[flyerhawk]

Do you mean criminally or via corporate governance laws?

Criminally. Virtually every corporate criminal prosecution occurs when individuals operate outside the bounds of corporate interests.

Governance laws are a joke.

[flyerhawk]

Prosecute them. That is the topic here.

Prosecute whom?

[eaglesnut]

Prosecute whom?

Did you not read the article or are you just playing dense again?

"Breuer made the comments for a documentary aired by the PBS program “Frontline.” The investigative report, titled “The Untouchables,” asked why no senior Wall Street executive has been prosecuted for apparently well-documented illegal acts, such as authorizing document forging, misleading investors and obstructing justice. Breuer was shockingly candid."

[flyerhawk]

Did you not read the article or are you just playing dense again?

Those are criminal acts done by specific people. You aren't going to break up a major bank because of criminal actions done by indivudals.

[eaglesnut]

Sure you will. It will impact the whole industry. Stop being scared of the sunlight, flyer.

[PatsFan2003]

We allowed banks to become massive bureaucracies and now we are surprised that they have become ungovernable?

How often do individuals EVER get prosecuted for corporate malfeasance in large corporations?

I'm sure it's because of Obama that this trend continues.

[flyerhawk]

Sure you will. It will impact the whole industry. Stop being scared of the sunlight, flyer.

Well I guess if we are just going to ignore the law we can do whatever we like!

[flyerhawk]

I'm sure it's because of Obama that this trend continues.

This bothers me a lot because a lot of the same folks who bend over backwards to defend corporate America now are going to be the guys blasting Obama for not going after corporate America.

[PatsFan2003]

This bothers me a lot because a lot of the same folks who bend over backwards to defend corporate America now are going to be the guys blasting Obama for not going after corporate America.

Yep. Absolutely the height of hypocrisy isn't it? Another real reason I voted Warren for Senate.

[flyerhawk]

Yep. Absolutely the height of hypocrisy isn't it? Another real reason I voted Warren for Senate.

I love Warren. One of the very few people I've listened to on the national level who was honest about what's going on. And it terrified Republicans so much that they did everything in their power to prevent her from heading the CPBB.

[eaglesnut]

Well I guess if we are just going to ignore the law we can do whatever we like!

No, first you have to let the sunlight in. Then it can get rid of the mold.

[ctc]

It absolutely should.

Of course ctc was adamant that this wasn't a problem in the scandal of the 2000s so...

I was? Really?

and as usual when i ask you for the quotes you'll come up with a big fat zero. IOW you're talking thru your ass.

But do have a go at it. enlist the army that is the peanut gallery if you think that'll help.

[eaglesnut]

I'm sure it's because of Obama that this trend continues.

That's total bull****. Bush let them go the first time. Obama isn't doing anything different than Bush did. That's where this "continues."