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That’s silly in my opinion. I didn’t see any of the actual big wigs go to prison for 2008 but Sam is an easy target with the dual effect of vilifying cryptocurrencies.
2008 was caused by the confluence of irresponsible political AND financial decisions. Irresponsible and illegal aren't the same thing.
That’s silly in my opinion. I didn’t see any of the actual big wigs go to prison for 2008 but Sam is an easy target with the dual effect of vilifying cryptocurrencies.
Could you give us a name of one or two big wigs that in your opinion should've gotten 40-50 years in prison due to 2008?
That’s silly in my opinion. I didn’t see any of the actual big wigs go to prison for 2008 but Sam is an easy target with the dual effect of vilifying cryptocurrencies.
His crimes are closer to those of Bernie Madoff than, say, Jamie Dimon. Madoff was sentenced to 150 years.
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Yes prisons, notorious for being over populated with those who ruined the lives of hundreds of people through multi billion dollar financial crimes.
There are no prisons dedicated explicitly to those people, so I'm not sure what are you talking about here.
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2008 was caused by the confluence of irresponsible political AND financial decisions. Irresponsible and illegal aren't the same thing.
Legal and right are also not the same thing. I hope laws changed as a result.
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His crimes are closer to those of Bernie Madoff than, say, Jamie Dimon. Madoff was sentenced to 150 years.
My understanding is that sbf's investors might even come out ahead. Sure that would be a consideration
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That one's silly too. Unless someone is so damaged they're not capable of ever not harming others, (think psychopathic murderers) what's the point of sentences that long? Anything past 15 years or so effectively destroys their existing lives anyway. I think that crosses from punishment to unnecessary cruelty and stuffing prisons.
> what's the point of sentences that long? Deterrence and retribution. On incapacitation, however, can you really not see Bankman-Fried leaving prison in his forties and doing anything but running out to raise new capital? His position throughout the trial seemed to genuinely convey that he didn’t think he did wrong.
Maybe. How about we try though and monitor his activity from time to time. There are other cases where person's ability to work with something is restricted for a limited time.
Otherwise, you can apply "can you not see X leaving prison and doing what they were jailed for" to everyone forever. Over a decade in jail is a long time to change your views. There's that whole thing about rehabilitation as well as punishment in the idea of prisons.
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My understanding is that sbf's investors might even come out ahead. Sure that would be a consideration
It is not.