No. of Recommendations: 2
Note - this happens all the time when people do awful but lawful things. I remember having lots of conversations about this on The Olde Boards during the Great Recession, when people were lamenting the fact that none of the Banksters were getting criminally charged.
I was one of those calling for the bankers to get jail, not bailed-out. But apparently most of them committed no actual crimes (I think a few got in trouble, as I recall...mostly smaller bankers). Which is a failure of our legislature not to make what they were doing a crime (plus allowing investment and real banks to intermingle, which had previously been prohibited since the Depression).
Which is why I changed my tune that Congress should reverse themselves on the rule about investment and real banks intermingling, and hold the officers of a bank responsible for any antics. And don't expect any bail-outs.
