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0 pointszerg2k7y ago0 comments

That can be easily refuted by saying “do you really think that all big bank executives didn’t know what was going on and decided to ride the money wave”?

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kbenson7y ago

Knowing that one or more people of a group have done something doesn't necessarily lead to knowing which ones, or having proof of them doing that thing. (much less proof of knowing, which is what you are saying).

rayiner7y ago

“Where there is smoke there is fire” is not a doctrine of criminal law. Also, by that token, who should we have prosecuted for the 2000 tech-related crash?

walrus017y ago

a number of people were prosecuted:

https://www.google.com/search?client=ubuntu&channel=fs&q=wor...

the dotcom 1.0 crash had a lot of irrational exuberance, where VC money was raised and pissed away for ideas that wouldn't work at the time (beenz, flooz, pets.com, webvan, etc). Then there was the outright fraud like Enron and Worldcom.

tptacek7y ago

The criminal justice response to dot-com and to the 2008 crash seem comparable.

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