Why Not Jail?

Why Not Jail?

Industrial Catastrophes, Corporate Malfeasance, and Government Inaction

Book - 2015
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"The U.S. Department of Justice is under fire for failing to prosecute banks that caused the 2008 economic meltdown because they are too big to jail. Prosecutors have long neglected to hold corporate executives accountable for chronic mistakes that kill and injure workers and customers. This book, the first of its kind, analyzes five industrial catastrophes that have killed or sickened consumers and workers or caused irrevocable harm to the environment. From the Texas City refinery explosion to the Upper Big Branch mine collapse to the destruction of the Deepwater Horizon oil rig and extending to incidents of food and drug contamination that have killed or injured hundreds, the root causes of these preventable disasters include crimes of commission and omission. Although federal prosecutors have made a start on holding low-level managers liable, far more aggressive prosecution is appropriate as a matter of law, policy, and justice. Written in accessible and jargon-free language, this book recommends innovative interpretations of existing laws to elevate the prosecution of white-collar crime at the federal and state levels. Rena Steinzor is a professor of law at the University of Maryland's Francis King Carey School of Law. She is the president of the Center for Progressive Reform, a think tank composed of sixty working academics from universities across the country that is a nationally recognized source of research and opinion on public health, worker and consumer safety, and the environment"-- Provided by publisher.
Publisher: New York, NY : Cambridge University Press, 2015
ISBN: 9781107633940
Branch Call Number: 364.1409 STEIN
Characteristics: ix, 283 pages : illustration ; 23 cm


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Aug 27, 2015

With all due respect to Prof. Steinzor, this book is worth skimming, but not reading too deeply, as the answer begs the question, or is too obvious for discussion! No reinterpretation of any existing laws is necessary; they were simply not upheld. Covington & Burling people defend the corporate murderers and mass murderers, not the little people! Law of fraudulent conveyance, Sarbanes-Oxley, millions of false affidavits filing [robo-signing], massive tax law violations, various financial fraud and securities fraud violations, rehypothecation, and much, much more.
The top sixteen asset management firms [also called hedge funds] are: BlackRock, Vanguard Group, State Street Corp. and Fidelity [FMR LLC]. Those slow of wit will wonder, those are four, and you said sixteen - - those quick witted, will understand. Were those four the top sixteen [might be the top 20 to 40, I just don't have all the time and resources to research that???] before 9/11/01? What ever became of that $2.3 trillion mentioned as missing on 9/10/01?
Why not jail? Because America is a completely fraud-based society with too many citizens' possessing criminal mindsets!


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