Now Too Big To Prosecute
December 15, 2012
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The dearth of any meaningful prosecutions involving the mortgage and financial scandal speaks volumes in how the game really is rigged against the Average Joe. All you ever hear from the regulators is how hard it is to prove. Well first, at least try. Let the juries decide. And second then go back to Congress and have them change the laws. They won't even bother going after Jon Corzine, though how about bringing civil actions instead?
With the above aside, now we have another reason not to prosecute individuals and that is "too big to prosecute'
http://www.google.com/url?sa=t&rct=j&q=prosecution%20reasons%20for%20hsbc%20deal&source=web&cd=1&cad=rja&sqi=2&ved=0CDEQFjAA&url=http%3A%2F%2Fwww.rollingstone.com%2Fpolitics%2Fblogs%2Ftaibblog%2Foutrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213&ei=kffMUNj7IcP30gH4hYGgBw&usg=AFQjCNFLac_3SD9bl0pC_V6UDgM3WYKbkg
So prosecutors cry how hard it is to prove cases, but finally when they have a pretty much damn airtight one they change their tune and say well doing so could topple the industry.
Stop fining the shareholders for the criminal acts of others. It is tiresome and insulting to the Average citizen. The only message prosecutors are sending is if you are a small fry they might crush you, but top dogs they will get passes and have others pay the fines.
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