Tom Toles- Jail still seems about right

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When I started blogging last spring I launched right into trying to lock somebody up for the financial collapse. So far, not so many Titans to be found rattling their cell bars with their water cups. But when I read about the new report saying the whole collapse was avoidable, I still feel like justice sits unserved.

The report apparently places much blame on the lack of proper government oversight. Big surprise after 30 years of emasculating the very idea that financial institutions need regulating. Yes, yes, BOTH political parties. But the casual references to "toxic mortgages" still rankles. To my eye, "toxic mortgages" = "mortgages that the lenders knew were garbage" = "fraud" = "jail." Or should. Tell me which is the weak link in that logic chain, other than "justice works differently for the BIG people".

It's not like this was a victimless crime. EVERYBODY suffered from this one. A LOT. Everybody except the perpetrators. --Tom Toles

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[n2doc]

1. kick n/t