Too Big To Arrest?
From the Atlantic comes a timely discussion of the stupid rule that reads (I'm paraphrasing) "if you steal billions of dollars in a complicated way without getting sweaty it's not a crime". Why do really big thieves always get away with it? Answer? Magic. What a victim doesn't understand can't be a crime. Amounts so big a policeman, a hundred policemen, can't count them can be stolen with impunity.
And from Business Insider, this list of the most egregious severance packages. CEOs who screw up aren't fired exactly. They are given so much money they have to leave their jobs to count it. Ordinary employees are lucky to leave fully clothed.
If a they can hire an 8 year-old cheaper your employer will fire you, but they will let a CEO lose them billions and keep him around. If they don't keep him around they will pay him millions to ease his embarrassment and theirs. Why is it if you protest without a permit you are beaten up, if you steal $100 you end up in prison, but if you steal a billion you are rewarded? There is very little proportionate justice. Very little justice at all. Nobody gets what they deserve especially those con artists who steal billions. It makes you want to punch someone or sue someone or see someone perp walked but the ones you want to see perp walked are immune. You've heard of Too Big to Fail. They're also Too Big to Arrest. So the victims are left to take out their frustrations on each other.
As J. D. Hackensacker III said “That's one of the tragedies of this life: that the men most in need of a beating are always enormous.”
(Those of you who don't know who J. D. Hackensacker III was should get acquainted with the films of Preston Sturges.)
And from Business Insider, this list of the most egregious severance packages. CEOs who screw up aren't fired exactly. They are given so much money they have to leave their jobs to count it. Ordinary employees are lucky to leave fully clothed.
If a they can hire an 8 year-old cheaper your employer will fire you, but they will let a CEO lose them billions and keep him around. If they don't keep him around they will pay him millions to ease his embarrassment and theirs. Why is it if you protest without a permit you are beaten up, if you steal $100 you end up in prison, but if you steal a billion you are rewarded? There is very little proportionate justice. Very little justice at all. Nobody gets what they deserve especially those con artists who steal billions. It makes you want to punch someone or sue someone or see someone perp walked but the ones you want to see perp walked are immune. You've heard of Too Big to Fail. They're also Too Big to Arrest. So the victims are left to take out their frustrations on each other.
As J. D. Hackensacker III said “That's one of the tragedies of this life: that the men most in need of a beating are always enormous.”
(Those of you who don't know who J. D. Hackensacker III was should get acquainted with the films of Preston Sturges.)
Labels: bankers, corporate ceo, financial crime, income inequality, Preston Sturges, Wall Street
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