>> Serious prison time for the executives involved would probably be more effective.
Top executives, especially well-connected ones never get prison time. Instead, you usually have Indian/Chinese scapegoats or someone equally disliked.
The entire flash crash was blamed on a lone indian man living with his parents: https://www.bbc.com/news/explainers-51265169
Nevermind Citadel, 2Sigma, Jane Street, Goldman Sachs
The 2008 scandal fell upon an Arab man: https://en.wikipedia.org/wiki/Kareem_Serageldin
He is notable for being the only banker in the United States to be sentenced to jail time as a result of the financial crisis of 2007–2008, a conviction resulting from mismarking bond prices to hide losses.[1][2]
If I were this guy, i'd be really really worried about now:
Side note: If you work for a shady company, and you're the only colored guy on the exec team, you are probably there for a reason, and the reason isnt good.
Not surprising no. Tons of Western companies have fucked up, what with leaking AWS credentials, and leaking personal info online.
God forbid if an Indian company does it (see yesterday's post on Infosys), and all the previously suppressed hate (I still don't understand Europe's mind. Whether this hate is racial, or religious, or a mix) starts gushing out. You see this everywhere in the West (often to a greater extent outside the Anglosphere).
Even the reporting on India is the same - a PM who's not compromised to the Anglophone elites of India gets elected, and what do the "liberated, enlightened" cretins of the occident do ? Rush in to support their colonial garrison, regurgitating the same old tropes that were used to rape and plunder the "devil-worshipping heathens". You see this even with countries like Japan (god, these bitchy 'expats' are unbearable).
most of big beneficiaries of the Madoff scam e.g. Picower (found dead the the bottom of his pool) and including Madoff's children, were dead within a couple years after the collapse.
Top executives, especially well-connected ones never get prison time. Instead, you usually have Indian/Chinese scapegoats or someone equally disliked.
The entire flash crash was blamed on a lone indian man living with his parents: https://www.bbc.com/news/explainers-51265169 Nevermind Citadel, 2Sigma, Jane Street, Goldman Sachs
The 2008 scandal fell upon an Arab man: https://en.wikipedia.org/wiki/Kareem_Serageldin He is notable for being the only banker in the United States to be sentenced to jail time as a result of the financial crisis of 2007–2008, a conviction resulting from mismarking bond prices to hide losses.[1][2]
If I were this guy, i'd be really really worried about now:
https://timesofindia.indiatimes.com/business/cryptocurrency/...
Side note: If you work for a shady company, and you're the only colored guy on the exec team, you are probably there for a reason, and the reason isnt good.