Mainstream Economist: We Might Need to Hang Some Bankers to Stop Criminal Looting - Washington's Blog

Even Nouriel Roubini Says We Need to Jail or Hang Some Bankers

Nobel prize winning economist Joe Stiglitz – and many other experts – have said nothing will change unless dishonest bankers are jailed.

Former trader Max Keiser has been calling for years for crooked bankers to be hanged, to send a message that crime won’t be tolerated.

But Nouriel Roubini is a lot more mainstream than Keiser – or even Stiglitz – being very close to Treasury Secretary Tim Geithner.  See this and this.

Roubini told Bloomberg that nothing has changed since the start of the financial crisis, and we might need to throw bankers in jail – or hang them in the streets – before they’ll change:

Nobody has gone to jail since the financial crisis. The banks, they do things that are illegal and at best they slap on them a fine.  If some people end up in jail, maybe that will teach a lesson to somebody.  Or somebody hanging in the streets.

via washingtonsblog.com

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