Essay --

No Jail Time for Big BankersIn the article why DOJ Deemed Bank Execs Too Big to Jail, author Ted Kaufman reports how banking executives never allot jail time for their part in financial fraud. There atomic number 18 three main reasons that executives argon not prosecuted the Ameri arouse government is presentation little effort in strikeing the big corporation executives to justice, if the banks and executives be prosecuted, thousands of innocent heap could be out of jobs, and the health of the financial labor may crumble. Mr. Kaufman wants his readers to understand that although the citizens deserve for these financial executives deserve to go to jail, over that past few eld, it has been shown that not only that it hasnt happened it belike result not happen in the future either. Is it right that they can dodge going to prison for their greed and illegal activities, but a man who steals food from the grocery store to feed his hungry family serves years in prison? The answer is no, because some of these banking executives have robbed the American people of their life savings and have put Americas banking schemas in a downward spiral with no objective help by the government to help stop this and help bring the executives to justice.The American government has done very little to help in the efforts to bring these executives to justice. Congress didnt oppose change criminal enforcement of federal fraud laws regarding financial institutions after the 2009 financial crisis. They passed the holds greenback by a very large margin. The bill is called the Fraud Enforcement and Recovery Act. Even the Obama administration established a toil force to oversee the investigations. Attorney General Eric Holder even said, We entrust be relentless in our... ...ir jobs, their homes, and their financial stability. If the financial industry crumbles, it testament be felt worldwide. When people lose their jobs, they are no protracted to take out loans and make pa yments on the loans they already have. There is no money going into the banks. If the American financial institutions fail and the industry crumbles, stocks will plummet and businesses will close. So whats the solution to the problem?Mr. Kaufman by all odds is on to something. Justice for All should mean something. Why shouldnt chief executive officers be held accountable for their actions? If we continue to let them get outside with it, they will continue to take their bonuses, cut corners, and not care that they are doing anything illegal, or at the very least, unethical. If we want to prevent the failing providence from happening again, we must stop these executives and hold them accountable.