{ "media_type": "text", "post_content": "Does anyone believe that laws were broken in 2008 and that some bankers should have gone to jail?", "post_id": "5ba49885f5db422c477270c4", "reply_count": 2, "vote_count": 1, "bowl_id": "553769a790f5eebe1d2a0f92", "bowl_name": "Finance", "feed_type": "crowd" }

Does anyone believe that laws were broken in 2008 and that some bankers should have gone to jail?

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Of. Purse some laws were broken. But most were broken by low level client facing people on the mortgage banking side which is the ultimate in small potatoes

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Yeah Goldman forcing massive amounts of synthetic MBS onto their clients knowing they had zero value is totally legal, especially given their duty to act as fiduciaries. Then, even better, buying derivatives to amplify the consequences their clients would pay. That cost people their jobs and was in my opinion blatant fraud. They didn’t do their homework and cheated when they got caught. Yes for jail

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