@ISIDEWITHQuestionseconomy9yrs ago

Should bankers be criminally charged for their roles in the financial crisis?

Executives of major Spanish banks, including the Board of Members, remain in their jobs after the financial crisis. Those who were fired often received large severances. To this date no bankers have been legally charged for having roles in this process.

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Answer Overview

Response rates from 11.5k Valencia voters.

90%
Yes
10%
No
78%
Yes
6%
No
7%
Yes, if it is proven that they knowingly committed a crime
2%
No, their actions were reckless but not illegal and we should pass new laws to prevent this from happening in the future
5%
Yes, and they should return the money to the citizens
2%
No, but they should return the money to the citizens

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Other Popular Answers

Unique answers from Valencia voters whose views went beyond the provided options.

 @9BZ2SZZfrom Georgia  answered…2yrs2Y

Yes, but we should also pass new laws to prevent this from happening again in the future.

 @9BYFGNXfrom Georgia  answered…2yrs2Y

Yes, and we should abolish the monetary system based around international finance.

Latest News

Stay up-to-date on the most recent “Financial Crisis” news articles, updated frequently.

 @ISIDEWITH submitted…6mos6MO

China Attempts to End Property Crisis Rescue Package

Xi Jinping’s government announced its most forceful attempt yet to rescue the beleaguered Chinese property market, relaxing mortgage rules and urging local governments to buy unsold homes as authorities become increasingly concerned about the sector’s drag on economic growth.The support package also includes lower down-payment requirements for homebuyers and 300 billion ($42 billion) of central bank funding to help government-backed firms buy excess inventory from developers. Those properties would then be converted into affordable housing.While equity investors cheered the news — sending an index of developer shares up nearly 10% on Friday — it’s far from clear whether the plan will draw a line under the property crisis. The funding announced by China’s central bank is just a fraction of what some analysts say is needed to address the supply-demand mismatch in housing, and many potential buyers are waiting for prices to fall further before stepping in.“This is a little bit similar to the bailing out of financial institutions going through the Great Financial Crisis,” Zhu Ning, a professor of finance with Shanghai Advanced Institute of Finance, said during an interview with Bloomberg TV. “But in the end unless the central government is stepping in and extends its own credit to the real estate market, it’s a little difficult or too premature for us to believe we’re out of the woods.”