Comment Re:WTF? (Score 2) 515
Madoff was convicted for a Ponzi scheme. Ragland tried to steal money from TARP. Raj is being indicted for insider trading.
As heinous as their crimes were, they had NOTHING to do with the GFC caused by:
1. the packaging, re-packaging, marking up and selling of bad assets based on fraudulent mortgage originations
2. the completely opaque dark market of what amounted to naked bets on other people's assets
Dimon, Blankfein, Mozilo, Fuld, Schwartz, Sullivan, Pandit, Thain, Lewis, and all the rest of the CEOs, CFOs, CROs and CRMOs who 'didn't see it coming' are still sipping Crystal and shopping at Bergdorfs. They just get to say "Oops, our bad" and move on. Some of them had to pay a fine, which of course was paid by their company. God forbid they have to pay out of their own pocket.
And we thought Enron got off easy...