It is the 5th anniversary of the collapse of Lehman, AIG, and the GSEs. At this time 5 years ago, my assumption was that by today, legions of people would have already been prosecuted for their financial crimes.
That never happened.
I want to open the floor to discuss 3 very specific things:
1. What actual crimes were committed by banking executives, and who should have been prosecuted ? I want very specific examples of criminality, fraud, (include statutes if you know them) etc.
2. How successful would a decent prosecutor have been in obtaining convictions?
3. Why wasn’t anyone prosecuted? Aside from cowardice, what were the true reasons?
I have m own ideas and theories; if we get enough details, I will flesh it out into a WaPo column.
What say ye?
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.