Some Wall Street executives should have gone to jail for their roles in the financial crisis

[Zestilio]

Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession.

http://bigstory.ap.org/article/5e70...ke-wall-st-execs-should-have-gone-jail-crisis

What do you think of this?

 

[der_kommissar]

This is always the case amongst former politico's/Fed Chairmen...they suddenly contract some degree of "truthiness" following the completion of their term...Greenspan has been very outspoken about monetary policy in the past decade and now Bernanke will try to create some distance between his decisions and their outcome.

 

[schizo]

Too late. They're now "too big to nail."

 

[der_kommissar]

Too late. They're now "too big to nail."

It parallels the repeal of Glass Steagall...Make institutions too big to fail and you ensure neverending loose monetary conditions and bail outs.