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Thursday, June 5, 2014

Mandatory Jail Terms for Bank Executives

If we want our financial system to treat the money held in deposit at banks seriously, then we need to demonstrate to bankers how careful they should be.

We should enact a law that requires mandatory  5 year jail terms for board of directors, presidents, and vice-presidents of all banking and financial institutions should that bank go bankrupt, insolvent, or collapse.

The consequences are serious, the punishment should be as well.

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