1. There is no evidence to support purposeful lying about WMDs. Bush admin rushed the intelligence agency and relied on Yes Men to build their story. I'm sure there was some law breaking going on but good luck identifying who what and when.
2. Glass Stegal wouldn't have prevented shit. In fact the combination banks Glass Stegal would have prevented--BoA and Chase--were the banks who were strong enough to absorb the shitty failed banks--merill and lehman--that were often just investment banks.
Taking irresponsible risks isn't a crime either.
3) No evidence of fraud. These agencies trusted the financial models and those models didn't work.
Fuckups aren't punished in our society the way intentional law breaking is.
Should be guillotine every founder whose company fails?
Maybe a better example is the tobacco companies. They were convicted of a 50 year conspiracy to mislead the public about the health dangers of smoking, an activity that has led to trillions of dollars in health care costs and the deaths of literally millions of people in that span (in the US alone). No one went to jail for this...the companies "just" had to pay a $200 billion dollar fine (global annual tobacco sales revenue is estimated at $500 billion).
> I'm sure there was some law breaking going on but good luck identifying who what and when.
Not meaning to go off on a political tangent, but it seems to me like there was a conscious effort not to ask such questions in an official capacity.
Imagine an alternate universe where we had Watergate-style hearings when Pelosi/Reid took over in 2007, or when the Obama administration started in 2009. In some circles, some people wanted that, and I think rightly or wrongly politicians decided it was not worth it. Easy to forget now, but it was certainly in political discourse 6 to 9 years ago.
> Should be guillotine every founder whose company fails?
Guillotine, probably not, but I'm okay with punishing every "founder" of a "company" that errantly spends billions of tax dollars on weaponry and uses it to kill tens of thousands of innocent people.
2. Glass Stegal wouldn't have prevented shit. In fact the combination banks Glass Stegal would have prevented--BoA and Chase--were the banks who were strong enough to absorb the shitty failed banks--merill and lehman--that were often just investment banks.
Taking irresponsible risks isn't a crime either.
3) No evidence of fraud. These agencies trusted the financial models and those models didn't work.
Fuckups aren't punished in our society the way intentional law breaking is.
Should be guillotine every founder whose company fails?