Comments on: Financial reform: The enforcement vacuum http://blogs.reuters.com/felix-salmon/2010/04/09/financial-reform-the-enforcement-vacuum/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: DonthelibertDem http://blogs.reuters.com/felix-salmon/2010/04/09/financial-reform-the-enforcement-vacuum/comment-page-1/#comment-13325 Fri, 09 Apr 2010 18:10:03 +0000 http://blogs.reuters.com/felix-salmon/?p=3315#comment-13325 Here we go again:

http://dealbook.blogs.nytimes.com/2010/0 4/08/banks-said-to-sidestep-lawsuits-fro m-crisis/

“Judges realize that not every massive loss of investor capital is caused by fraud,” Joseph Grundfest, a former S.E.C. commissioner and professor at Stanford Law School, told The Journal. “They’re recognizing that while the financial system went astray, and that much should be done to fix it, there are differences between fraud and mistake.”

We can’t seem to be able to differentiate between Fraud and Stupidity again in the legal system. Do Physicians get a pass for mistakes?

I know this could well affect me, but maybe we should criminalize stupidity.

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