http://blogs.reuters.com/breakingviews/2011/12/05/courts-more-willing-to-second-guess-wall-street/ Wed, 22 May 2013 21:12:54 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/breakingviews/2011/12/05/courts-more-willing-to-second-guess-wall-street/comment-page-1/#comment-8695 lhathaway Wed, 07 Dec 2011 14:42:32 +0000 http://blogs.reuters.com/breakingviews/?p=7880#comment-8695 The fact that almost all of those who caused the financial mess we are still dealing with have gone unpunished is, in my view, what is causing the general distrust in the economy today, because if they can do what they did and get away with it, what will they cook up next? Where is the next bubble and crash coming from? Holding their feet to the fire, recouping some of the money they fraudulently made, and sending the heads of the organizations to prison, would restore some confidence that the markets are not just a casino for the rich and powerful. Hopefully more judges will take a stand and put an end to business as usual, since Congress seems unwilling to do so. The fact that almost all of those who caused the financial mess we are still dealing with have gone unpunished is, in my view, what is causing the general distrust in the economy today, because if they can do what they did and get away with it, what will they cook up next? Where is the next bubble and crash coming from? Holding their feet to the fire, recouping some of the money they fraudulently made, and sending the heads of the organizations to prison, would restore some confidence that the markets are not just a casino for the rich and powerful. Hopefully more judges will take a stand and put an end to business as usual, since Congress seems unwilling to do so.

]]> http://blogs.reuters.com/breakingviews/2011/12/05/courts-more-willing-to-second-guess-wall-street/comment-page-1/#comment-8692 alwayslearning Tue, 06 Dec 2011 17:39:12 +0000 http://blogs.reuters.com/breakingviews/?p=7880#comment-8692 It would be uplifting to the average American to see more banks and investment houses and large corporations held accountable for the way they do business. At this point, they are free to manipulate finances and business practices without peril. What's more, they can push the consequences onto taxpayers and it is perfectly legal. Change will be long in coming, if it ever arrives, because so many in congress benefit from these practices. That is legal, too. It would be uplifting to the average American to see more banks and investment houses and large corporations held accountable for the way they do business. At this point, they are free to manipulate finances and business practices without peril. What’s more, they can push the consequences onto taxpayers and it is perfectly legal. Change will be long in coming, if it ever arrives, because so many in congress benefit from these practices. That is legal, too.

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