Continuing the contrarian viewpoint from yesterday’s post, Monday’s edition of The Economist explains explores the fact that very few of those in the banking industry “responsible” have faced legal repercussions for their actions. “It is now almost five years since the world’s financial system was brought to its knees and had to be bailed out by taxpayers,” they remind us. “Yet almost no bankers have faced legal sanctions for their part in precipitating the crisis.” The post goes on to contrast the last crisis with previous economic catastrophes and their legal fallout. It also examines what currently constitutes a crime vs. what public sentiment may be shifting towards.
You can find the complete explanation here.
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