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by tyxodiwktis
2143 days ago
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The bigger problem from a societal perspective is that the “people cowering in fear” often includes the Dept of Justice. Prosecutors are assessed based on win rates, and they know how hard it is to go after a large company with the best lawyers. In some cases, the prosecutors personally know the people at those law firms, and remember them as the best students in their law school class. Would you go after a large firm protected by someone you know is smarter (and better at law) than you? Much easier to focus on the obvious scams and easy wins. This was part of how Goldman got away scot free with extremely questionable behavior like betting against their clients during the Great Recession, or UBS got away with just a fine for laundering cartel money (they sized their teller windows to fit the shoeboxes full of cash that the cartels were bringing in!). |
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