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by oralhistory 3917 days ago
It's going to be ridiculous that people will go to jail for this and not any of the people responsible for the subprime mortgages.
2 comments

So, I've been wondering about this. Who, exactly, would you want to see in jail for "subprime mortgages" and on what charge?

I hear people say the general statement a lot, but I'm not sure who specifically they're talking about.

Obviously we need to jail all of the people who fraudulently accepted loans they knew they couldn't pay back. Obviously.
You want to throw Barney "Roll the Dice" Frank in jail?

There tend to be lots of unintended consequences to punishing stupid politicians like that, or people outside the government following the government's prior orders.