{ "media_type": "text", "post_content": "Should more people on Wall St have gone to jail for their role in causing 2008? Curious to hear from people in the industry!", "post_id": "5c5be8f2265adc38e1aa5ac2", "reply_count": 3, "vote_count": 4, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors" }

Should more people on Wall St have gone to jail for their role in causing 2008? Curious to hear from people in the industry!

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If a non-misdemeanor crime was committed, then yes. What crimes were committed by “Wall Street”? If none, should legislators be tried for allowing some behaviors to maintain legality? Should the homeowners whom lied on mortgage applications be brought to justice? And the Realtors who were egging on buyers by pitching purchases as solid investments? There is plenty of blame to go around. Unfortunately people want to look past themselves, ignore personal responsibility, and blame anyone but themselves. Wall Street becomes the scape goat. (I do not not have I ever worked with the firms considered when the tarp - pun intended- “Wall Street” is tossed over a collective group of large banking institutions.)

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Absolutely! Especially clowns at Merrill. I saw lower level employees crying knowing their faith in the company was down the drain

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