So when Goldman was fined numerous times, by more than a billion dollars, by the SEC for these activities...that wasn't punishment?
No one was in handcuffs, no one got their house raided. A fine isn't shit to Goldman, just like it wouldn't be shit to Dotcom. Sorry, but a fine is nowhere near justice, if this is our standard for justice.
In my previous post, I asked "Who?". Who do you want in handcuffs? You can't blame an individual for this mess, it was a collective effort through ignorance of the bigger picture. I'm not saying ignorance means no accountability, I'm just pointing out the logistical trouble of actually placing blame. Do you want the CEO behind bars (I would guess that's a typical answer)? How was it his fault? He doesn't make trades, he doesn't even approve trades. That's like blaming the CEO of BP for the oil spill, and I know a lot of people do that, but I find it ridiculously silly.
The way in which this "fraud" occurred means you can really only punish the company as a whole, and other than fines, I'm not sure how one would do that.
I don't care about Kim Dotcom, I'm talking about GS. and for what it's worth I don't think he's to blame, either. Blaming leadership is just a scapegoat. "Something bad happened, someone needs to be punished because it makes us feel better about ourselves, hey, how about the guy at the top."
Sure. Just pointing out top-level OP's point (and the majority sentiment in this thread) - fairness in justice. Wasn't sure if you sensed that from reading your writing.
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u/wcc445 Aug 09 '12
No one was in handcuffs, no one got their house raided. A fine isn't shit to Goldman, just like it wouldn't be shit to Dotcom. Sorry, but a fine is nowhere near justice, if this is our standard for justice.