The difference is a guilty plea opens them up to suits by others, as the guilty plea is evidence. Not really applicable in this case, but would be in others.
They need to jail the CEOs though. Jail is the one thing that CEOs are afraid of.,
I think the fact that you can't have civil lawsuits based on a guilty plea is why the DOJ was able to secure one.
Shit, they weren't even able to get them to release the list of criminals they helped avoid taxes and they still parade it like a victory.
Putting bankers in jail would feel good, but I doubt it would change anything long term. The incentives are too large. People are still going to engage in bad behavior until the rewards are no longer worth the risk. Breaking the law doesn't matter to these people, they probably do more illegal things (drugs and hookers) in their private lives than anything they do on the job. You have to change or remove the financial mechanisms that make banking so profitable.
I strongly disagree.
We need to put that stuff in context, we're not talking about a poor kid with nothing to lose who would risk everything in order to escape the ghetto.
We're talking about people already making more money than their grandchildren will be able to spend, I think it's crazy to believe that they aren't afraid to lose their amazingly privileged lifestyle.
With that being said, I don't think that jail is necessarily the best punishment for such people, I said it before here, I think these are crimes of greed and we should punish them in kind.
Take away their everything, give them the drug lord treatment, then set a punitive tax bracket, 100% taxation over median income and be done with those pigs. Let those fuckers be average nobodies and live the rest of their lives like a schnook.
p.s.
I'm generally not a huge fan of incarceration as a whole and I think there are only very few cases when this is your best option, but as long as we have that system in place, it's unconscionable to me to apply only to poor people.