41–50 of 100 posts
It's going to be ridiculous that people will go to jail for this and not any of the people responsible for the subprime mortgages.
There tend to be lots of unintended consequences to punishing stupid politicians like that, or people outside the government following the government's prior orders.
I understand everyone who thinks that this looks like presenting scapegoats. This stinks. The whole article shouldn't have been published like that, and we should not upvote it.
The rest of the commenters are quick to dismiss this article as presenting scapegoats, but I'm very keen to see more in-depth investigation about how this was orchestrated. There are a lot of different ways that this type of cheating can develop over time, and simply saying "lots of people knew must have known about this" isn't very satisfying to me. There are plenty of ways that upper management can stay in the dark…
If they knew about it, they were wrong. If the didn't know about it, they were derelict/incompetent in their duty to supervise, AKA, wrong.
> In the case of Deepwater Horizon, BP didn't make the decisions that lead to the blowout, but created excessive pressure for cost-cutting.
Oil drilling operations are very much different from any other company structure/hierarchy you are probably familiar with. BP's "Company Man" (Jobsite supervisor) made those decisions and BP gets to own the consequences. BP also made a lot of other poor decisions along the way, and afterward, which are also their responsibility. None of the parties comes out of the DWH disaster looking good, but BP gets primary responsibility, and they earned it.
The rest of the commenters are quick to dismiss this article as presenting scapegoats, but I'm very keen to see more in-depth investigation about how this was orchestrated. There are a lot of different ways that this type of cheating can develop over time, and simply saying "lots of people knew must have known about this" isn't very satisfying to me. There are plenty of ways that upper management can stay in the dark…
Regulator's aren't stupid enough to be fooled by a couple of junior engineers being offered up as a sacrifice. They'll definitely go after the highest-level people they can get.
Earlier quoted context omitted.
Typically ignorance of the law is not an excuse when found disobeying it, and there are more laws than any reasonable person can know.
TO both x3n0ph3n3 and mkaziz: Knowledge of the act , not knowledge of the law . There are very few contexts in which you can be punished for not knowing an illegal act took place, and they are all situations where you should have known but were negligent.
The rest of the commenters are quick to dismiss this article as presenting scapegoats, but I'm very keen to see more in-depth investigation about how this was orchestrated. There are a lot of different ways that this type of cheating can develop over time, and simply saying "lots of people knew must have known about this" isn't very satisfying to me. There are plenty of ways that upper management can stay in the dark…
I can't imagine something this important not having to go through multiple people for inspection. So of those people that are saying they "don't know", though it may be true, for some of them it was their job to know, I think that should (and probably is) being taken into account in the investigations.
Earlier quoted context omitted.
"we didn't know" is curiously not an excuse you can use in any other facet of human life except to exculpate rich people
In what other facet of human life would you be held responsible for something you had no knowledge of?
Scapegoats, in other words. People don't do this on their own.