Economic Crime Quotes
In the economic meltdown of 2008 and the aftermath, there were so many criminal violations of law in the financial industry that even the Democratic administration of Barack Obama chose not to jail the violators but to levy some large token fines albeit ones which were very affordable for the institutions who had to pay them—in many cases paying them with money made as a result of profits on no-interest money they received in bailouts after the 2008 Meltdown.
As this quotation demonstrates, this problem has plagued America for a long time. In terms of crimes committed, for example, General Electric Corporation has committed more crimes than any other criminal enterprise, but it thrives despite this and the penalties are seen as just a slap on the wrist when they do get caught but they do not even get prosecuted for many of their crimes like most large corporations and rich individuals who commit crimes. The people who go to jail are usually the lower level or middle level criminals and the kingpins, the ones with the control and the money, rarely even get prosecuted. In the Great Recession, the largest banks in America committed tens of thousands of serious crimes by forging signatures and making false claims on legal documents. Not a single executive ever went to jail or was even given a suspended sentence. The banks paid small fines.
See {642361} for Ford’s announcement.
Perry was an extremist politician who commonly exaggerated things to the delight of his supporters and the chagrin of his opponents.