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A few years ago a 'rogue trader' brought down a bank and went to prison. Why aren't the bankers who have... ??
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drg     Reply with quote
almost ruined the economy facing porridge too?
Star     Reply with quote
Because they have not done anything illegal!
Clone     Reply with quote
Too well connected with the upper classes. They all look after themselves. You will not beat the system they are privileged to be in.
Doctor     Reply with quote
It is not the bankers that almost ruined the economy dude. It was the politicians that are now holding hearings to cover up what they had done.

Bankers did not pass a law that forced them to grant loans that people could not repay. CONGRESS DID!
Coach     Reply with quote
When it is the many against the few, it is always the few who r excluded rather than the many. This is regardless of who is right, & who is wrong.

In answer to the question, there r too many who r wrong & those who r right have no power to do anything about it.

It is similar to the question why does the government not punish itself for its crimes. The answer is because the government makes the rules, so it just changes the rules when it needs them changing.

They r effectively being punished by the market, which is ultimately the self correcting mechanism in the economy. Bubbles occur, the market always corrects wrongs eventually.
Kim     Reply with quote
l agree, the bankers made loans they had no business making and took crazy risks with the economy and the money belonging to everyone. And the politicians let it happen with deregulation . . .and certain regulations.

Why is nobody also pointing toward the hoards of people who bought houses they knew they could not afford, piled up home equity loans and ran up their credit cards?

We are saving the grasshoppers and crushing the ants.
Lostyo     Reply with quote
they are looking into it.
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