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In a word; YES! Jail time is the only thing that will serve as a big stick with these people. That and humongous fines.....like enough to replenish the treasury.
BUZZFLASH DISCUSSION
The fallout from government's civil charges against Goldman Sachs has already begun. Still, it's not clear if this is the beginning of a wider attempt to seriously punish Wall Street for its obvious role in the recession or just a show for politics.
What do you think will happen following the Goldman suit? Will the Obama Administration be encouraged to move forward against the rest of Wall Street, either with charges or regulation? Or will old money prevail in preventing the kind of regulation that would stop this reckless behavior in the future and get any suits against them dropped?
Let us know in the comments below.
Let The Sun Shine In......
The Iranian Threat?
14 years ago
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