Banks did not concoct their near-death demise, even though it was self-inflicted.
Yes, arguably taxpayers 'paid' as well with unfair bailouts, but there's no case to be made that the banks 'won' in this one. They would have preferred to avoid that crash altogether.
I'm not suggesting that they are not mostly 'at fault' - but they were not criminal, is my point.
It would be unwise to seek to blood when really what is needed is some smarter regulatory conditions.
The thousands of bankers that lost their jobs.
Major banks collapsed.
Entire divisions were shut down.
Banks did not concoct their near-death demise, even though it was self-inflicted.
Yes, arguably taxpayers 'paid' as well with unfair bailouts, but there's no case to be made that the banks 'won' in this one. They would have preferred to avoid that crash altogether.
I'm not suggesting that they are not mostly 'at fault' - but they were not criminal, is my point.
It would be unwise to seek to blood when really what is needed is some smarter regulatory conditions.