Timeline for How come no bank chiefs in the US & UK went to prison for the financial crash of 2008?
Current License: CC BY-SA 4.0
10 events
| when toggle format | what | by | license | comment | |
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| Dec 17, 2020 at 17:08 | comment | added | Criticizing Israel not allowed | @zibadawatimmy Which actions are you thinking of, in particular? | |
| Aug 13, 2018 at 14:28 | comment | added | jamesqf | @zibadawa timmy: Neither is it illegal to make risky business decisions. E.g. investing in any startup is a risk. Even putting all your money in US T-bills carries some risk, as the investment is at the whim of politicians. | |
| Aug 13, 2018 at 10:47 | comment | added | user9790 | Oh, one could extrapolate from the prior bullet that about a quarter of the 222 people were bankers, but its shoddy analysis | |
| Aug 13, 2018 at 10:47 | history | edited | James K | CC BY-SA 4.0 |
added 189 characters in body
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| Aug 13, 2018 at 10:44 | comment | added | user9790 | Note that the TARP investigations were not for the underlying mortgage and mortgage securities fraud, rather misuse of bailout funds to these same bankers. Obama expanded the program to include autos, solar panels, and cronies, so some of these might not even have been bankers. The article didn't say. | |
| Aug 13, 2018 at 2:56 | comment | added | zibadawa timmy | @jamesqf Why whitewash it? These were not "unsound business decisions" by any stretch of the imagination. These were intentional actions taken to enrich themselves at great risk to others. An unsound business decision is investing in a business without paying attention to their business model. Wrongdoing is when you screw others over to benefit yourself. | |
| Aug 12, 2018 at 17:34 | comment | added | jamesqf | Instead of "wrongoing", I'd suggest something like "unsound business decisions". As for example it would be perfectly legal for me to cash out my retirement accounts and take the money to Las Vegas, but it wouldn't be a sound business decision. | |
| Aug 12, 2018 at 10:31 | comment | added | James K | Wrongdoing can imply moral or ethical wrongs. Some moral wrongs are also legal wrongs, but they need not be. It seems likely that Fred Goodwin et. al. were careful to only act legally, but I would not say that they were morally "right". | |
| Aug 12, 2018 at 10:15 | comment | added | Paul Johnson | "Wrongdoing" is usually synonymous with breaking the law. Otherwise this is a good answer. You might also mention that while prosecutors might have suspicions that a CEO knew what is underlings were up to, finding a smoking email to prove it can be a much harder challenge. | |
| Aug 12, 2018 at 7:44 | history | answered | James K | CC BY-SA 4.0 |