Wall Street Crooks Should Go to Jail for Stealing

Friday, 22 Oct 2010 09:08 AM

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Why is it that millionaires and billionaires who violate SEC rules and regulations and steal millions are generally only required to pay fines?

Sometimes they may lose their licenses to practice on Wall Street, but they are not required to admit guilt or go to prison. For them, paying fines, even in the millions, is simply another regulatory fee, part of the cost of doing business.

On the other hand, poor or moderate income people who are caught stealing hundreds or a few thousands of dollars, are frequently sent to prison.

Why are the wealthy who injure tens of thousands of people and steal millions of dollars during their crime sprees, not imprisoned as well?

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