Legal Law

Deputizing Banks As Sheriffs Too Cute By Half, Apparently

In the aftermath of the financial crisis, mindful of all the shit they took for throwing no one in jail for causing the biggest downturn since the Depression, the Justice Department took a new and somewhat counterintuitive tack: They’d go easy on the banks for all the bad shit they did, because nobody was impressed by even the largest fines they could levy—but only if the banks gave up as many actual human bodies as they could to throw in jail.

Related Articles