How to Go After White-Collar Crime
No top executive stood trial for the 2008 financial crisis. What to do next time
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The senior executives who played leading roles in the 2008 financial crisis can breathe a sigh of relief. If any committed crimes, the statute of limitations will run out for most of them this year. It’s safe to say nobody will go to jail.
One doesn’t have to presume guilt to raise questions: Did prosecutors exhibit impressive restraint in refusing to satisfy the public’s desire for retribution, or are they just incapable of punishing criminals in positions of power? Are changes needed in the way the criminal justice system handles white-collar crime?