Hacker News new | ask | show | jobs
by djur 4503 days ago
Bailouts, plus a regulatory apparatus making fraud and deception harder to get away with, plus criminal and civil liability for illegal financial activity.

But what's the state good for anyway?

2 comments

By "civil liability," do you mean fining a company $10M for stealing $100B? And let's not pretend that bankers go to jail often.
I'd support if you mean "death by hanging in the public square" by criminal liability for illegal financial activity.

Make the corporation pay back every penny they got illegally, then hang the bastards high to set an example.