761–770 of 1001 posts
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> kid He's a 32 year old man.
No no, he is rich so of course he is just a kid, lost in the sauce, accidentally squandering a few billion. Now, 16 year old male from a low income household, those are men, and should know the consequence of their actions better. /s This infantilizing is disgusting propaganda in and of itself.
Even when (maybe especially when) people greviously harm others for profit, prison still doesn't make sense. How is putting this person in a cage (and filling the coffers of prison profiteers) supposed to restore his victims?
I love HN, it's one of the few places you can get reasoned conversation online. But this is one of those subjects where it gets weird. SBF was directly responsible for millions, if not billions, of direct monetary loss to identified individuals. Yet the top comments on HN are all discussing whether incarceration is retribution, spite, deterrence, or rehabilition. The USA incarcerates people for tiny financial damages…
It's funny. I lost tens of thousands of dollars thanks to this individual, yet his sentence brings me no joy or arouses any emotion at all. I'm utterly indifferent to his fate for some reason and I don't know why. Yet if he had been a mugger who stole a much smaller amount of money from me on the street, I think I would've been far more vengeful. Should I feel vindictive? Or is it healthy to forget about it and move…
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Those people are mostly hypocrites. Your complaint would be solved with less gray area. Businesses outside of the US should be able to do business with US citizens _without_ the consent of the US government. This comes with the caveat that if you, the customer, reject the "protection" of the US government, you are completely and totally SOL if things go south.
Time and time again this just results in people complaining to the government to "fix" it once their get rich quick scheme blows up in their face.
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This type of imprisonment is just as much to scare other people as it is to punish him. Repaying the people he stole from is also required here, but that has no meaning as a deterrent.
Imagining how much more value he could produce and even pay back if he's not imprisoned.
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> kid He's a 32 year old man.
No no, he is rich so of course he is just a kid, lost in the sauce, accidentally squandering a few billion. Now, 16 year old male from a low income household, those are men, and should know the consequence of their actions better. /s This infantilizing is disgusting propaganda in and of itself.
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Statistical value of a human life in the US is around $7.5 million. Stealing $10 billion is therefore statistically equivalent to killing 1300 people, or pretty close to half of 9/11. That seems like a pretty light sentence to me.
Yet in 2008 crisis nobody was sentenced for more then 15 years
Earlier quoted context omitted.
> kid He's a 32 year old man.
No no, he is rich so of course he is just a kid, lost in the sauce, accidentally squandering a few billion. Now, 16 year old male from a low income household, those are men, and should know the consequence of their actions better. /s This infantilizing is disgusting propaganda in and of itself.