[x-complexity]

> None of the highest up were sent to jail. CEOs perfectly fine taking responsibility for the profits, but what happened to taking responsibility for the fraud they enabled?

> > Literally dozens of CEOs went to jail, which is again why I think this may be the biggest ball-drop of the media this century

The GP's remark is centered around the *sentiment* that none of the C-suite / execs in the Big Banks (Merrill, Goldman, BoA, Citi) were jailed for their involvement / excessive speculation in the 2008 crisis.

The keywords there being "Big Banks": If it's a national household name, OR if their positions are coveted by finance employees, it's a Big Bank. Otherwise, it's not a Big Bank.

> > > Your Google skills may need some work because this is the first result for "bank CEO jailed by TARP":

1) This is a goalpost shift from "bank CEOs jailed for causing / excessively speculating up to the 2008 crisis".

2) TARP was established as a result of the crisis (i.e. AFTER it happened), and therefore cannot be used to mark execs that were jailed for their involvement / excessive speculation in the 2008 crisis.

3) "TARP defraudment" is a different matter, and not "Causing the 2008 crisis" or "excessive speculation"

> > > https://archives.fbi.gov/archives/atlanta/press-releases/201...

The case cited only tangentially involves TARP, when the bulk of the case was about the President of FirstCity Bank & his associates defrauding the bank with loans that *they themselves had involvement in*.

[bandrami]

If you want to argue the wrong 200 bankers went to jail I think that would be a great discussion to have, but that's absolutely not where the public narrative is right now, which is that these convictions simply never happened

[x-complexity]

> but that's absolutely not where the public narrative is right now, which is that these convictions simply never happened

In terms of public sentiment, for the conviction to have happened, it has to happen to the Big Banks, and not anyone else. If it didn't happen to the Big Banks, then narrative-wise it didn't happen at all.

[deaux]

You're blaming the public for not caring about 200 irrelevant bankers going to jail for mostly other reasons (e.g. TARP fraud), when there's no reason for them to. There might as well have 0 bankers gone to jail. Getting pedantic about your definition of "bankers going to jail" being technically correct and the public's definition of "banker going to jail" being too specific, completely misses the point and serves nothing but to make you feel good. You well know what the public means, and that they're right about it.

This comment puts it well. [0]

[0] https://news.ycombinator.com/item?id=46898199