Arrest Wall Street CEO’s for Criminal Negligence… – Eric Harrington
Do the Republicans even realize how ridiculous they sound as they posture and feign outrage over the firing of the GM CEO? The company was bankrupt. Reorganized. And in a Chapter 11 reorganization, the CEO is often fired. There is nothing unusual about that. It is in fact, appropriate.
So what about AIG? Why isn’t THEIR CEO being fired? Why not all the rest of the Wall Street pirates that take our bailout and then have the GALL to refuse to tell us how they spent it. They should be arrested, not just fired. I know the next-bubblepat reply to this suggestion from the powers-that-be is “well they really didn’t actually do anything illegal.” But in fact the courts do have a charge for the Wall Street Gang. It’s called Criminal Negligence. When a person leaves a child in a car on a hot day, a child they are responsible for, they are considered to be criminally negligent. Doesn’t matter if their intentions were good, it’s still negligent on the order of CRIMINAL. It’s the crime reserved for negligent actions with grave consequences, (or even potentially grave consequences) that while not necessarily illegal or even intentional, are made illegal through the shear magnitude of their carelessness. Am I missing something here?
These Wall Street hustlers had a responsibility to not only their stock holders, but to the country as a whole to PROTECT their companies’ interests — given their enviable position as the veritable grease of the wheels of the economy– and they exhibited such exorbitant negligence or such incredibly poor judgment, that they not only crashed their companies, but the entire economy as well. If that’s NOT CRIMINAL NEGLIGENCE, I don’t know what is.
Filed Under: Crime, Legal Issues
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