[CalChris]

One was found guilty, but point taken.

https://www.nytimes.com/2014/05/04/magazine/only-one-top-ban...

None were found guilty in Britain as well. Nor did Congress enact any meaningful reform. Hell, Arizona has re-elected John McCain and he was a bag man for Charles Keating.

Seems like no one, Justice, Congress or the American people want to hold people accountable.

[bboreham]

> None were found guilty in Britain as well.

Interested to know why you exclude Jay Merchant, Alex Pabon, Peter Johnson et al from your count.

[CalChris]

Thanks. The article I read was from before those convictions. And given the relative sizes of our countries, y'all did a much better job of holding people accountable. We clearly didn't.

After Enron, many people (not enough) went to prison. Arthur Anderson was shut down with huge job losses. White collar jobs. Politicians and the Justice Department have no stomach for that.

Maybe they have a point. In the 30s, a lot of good banks went down as a contagion spread. In 2008, it was already bad and no one but no one wanted that. Lehman was more of a hit job favor for Goldman Sachs, but also a visible sacrifice. But no one wanted the 30s again.

[flootch]

Thanks, very interesting article on how we got there.