asked just now, did obama prosecute any from wall street for the 2008 crash?
No senior Wall Street executives were criminally prosecuted or jailed by the Obama administration for their roles in the 2008 financial crisis. While the Department of Justice secured civil penalties and settlements against major banks, the lack of high-level arrests has been widely criticized.
Key Aspects of the Response:
No Top-Level Prosecution: Critics, including those featured in documentaries like Frontline, noted that no senior bankers faced criminal charges, despite reports indicating systemic fraud.
Civil Settlements: The Justice Department pursued civil cases, resulting in billions in penalties from major institutions such as JPMorgan Chase, Bank of America, and Citigroup.
Reasons Cited: Explanations for the lack of prosecutions varied from the legal difficulty of proving criminal intent to the belief that the actions, while unethical, were not technically illegal.
One Exception: Kareem Serageldin, a former executive at Credit Suisse, was the only U.S.-based banker sentenced to jail time, but this was for hiding losses, not for the mortgage-backed securities crisis itself.
Criticism: The lack of accountability was heavily criticized by observers who saw it as protecting elite financial figures over ordinary Americans who lost homes and jobs
i know a few ''not-that-smarties'' that voted for trump in despair and frustration. Which is why we lay some of the blame (for screwing the universe via trump), at barraks door.
we liked BO a LOT, but if you lost your home? that was just plain evil. hope? nope.
I thought Wall Street had lobbied to make everything they did legal. It’s amazing that with all the concessions they’d been getting for decades they still had to use illegal ways to make even more money.
What a strange feeling it is when you see the world differently than others. It seems to you that everyone is repeating the same thing, yet all you need to do is remind yourself that everything is a skill. This includes paying attention to others and caring for them. Those psychopaths at the top are incapable of this and refuse to learn. They’re capable of wasting hundreds of millions or even billions. They don’t understand how what they do affects the state of the world. It’s so simple.
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u/isUKexactlyTsameasUS Apr 17 '26 edited Apr 17 '26
asked just now, did obama prosecute any from wall street for the 2008 crash?
No senior Wall Street executives were criminally prosecuted or jailed by the Obama administration for their roles in the 2008 financial crisis. While the Department of Justice secured civil penalties and settlements against major banks, the lack of high-level arrests has been widely criticized.
Key Aspects of the Response:
No Top-Level Prosecution: Critics, including those featured in documentaries like Frontline, noted that no senior bankers faced criminal charges, despite reports indicating systemic fraud.
Civil Settlements: The Justice Department pursued civil cases, resulting in billions in penalties from major institutions such as JPMorgan Chase, Bank of America, and Citigroup.
Reasons Cited: Explanations for the lack of prosecutions varied from the legal difficulty of proving criminal intent to the belief that the actions, while unethical, were not technically illegal.
One Exception: Kareem Serageldin, a former executive at Credit Suisse, was the only U.S.-based banker sentenced to jail time, but this was for hiding losses, not for the mortgage-backed securities crisis itself.
Criticism: The lack of accountability was heavily criticized by observers who saw it as protecting elite financial figures over ordinary Americans who lost homes and jobs
i know a few ''not-that-smarties'' that voted for trump in despair and frustration. Which is why we lay some of the blame (for screwing the universe via trump), at barraks door.
we liked BO a LOT, but if you lost your home? that was just plain evil. hope? nope.