“Is flogging bankers an option” certainly caught my eye. Interesting opinion read — how do you feel about the punishment meted out?
Excerpt: Is Flogging Bankers an Option?
That leaves stiffer sanctions on the “individuals who commit such crimes” as the best route, Herring argues. Yet, “from the evidence of the worst crisis since the Great Depression, it would appear that the chances of being held personally liable are minute, while the potential gains, if you aren’t caught, are huge. It’s not surprising that we seem to be witnessing an epidemic of financial crime.”
Read full article via Is There A Cure for the Epidemic of Bank Financial Crime? | Knowledge@Wharton Today.