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View Diary: Elizabeth Warren wants answers on bank settlements (67 comments)

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  •  Not to rain on her parade but I think one of the (1+ / 0-)
    Recommended by:
    Ponder Stibbons

    major hurdles is they will lose as often as they win, and that can get very expensive in these things...These companies have the best attorneys money can buy, and many former regulators on staff when possible, meanwhile, the govenrment does not attract the best of the best due to limited budgets. Money buys justice in this country, and absic cost benefit analysis, though scummy, makes settling look far more appealing based on the numbers in most cases. Not that I'm trying to defend these thieves, but it's just reality.

    •  Senator Warren's comments are correct, cogent, and (1+ / 0-)
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      Irixsh

      warranted. What they aren't is helpful. Justice simply doesn't have the money to pay hundreds of lawyers to prosecute the banks, and that's not going to change no matter what Sen. Warren says.

      They tortured people to get false confessions to fraudulently justify our invading Iraq.

      by Ponder Stibbons on Fri May 17, 2013 at 02:08:34 PM PDT

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      •  Hundreds of lawyers are not necessary to prosecute (1+ / 0-)
        Recommended by:
        PsychoSavannah

        the Criminals of Wall Street. Just a few good ones. Spitzer should be appointed a special prosecutor. Watch Wall Street whine then.

      •  Exactly, and let's be honest, the vast majority of (0+ / 0-)

        civil and criminal cases in this country a pled out anyways, even involving the middle class and poor. Obviously not as often as this circumstance, but plea bargains and settlements are abundant in our justice system.

        •  Better those than nothing, which is what (0+ / 0-)

          we're getting now . . .

          "Lone catch of the moon, the roots of the sigh of an idea there will be the outcome may be why?"--from a spam diary entitled "The Vast World."

          by bryduck on Sat May 18, 2013 at 10:26:40 AM PDT

          [ Parent ]

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