To the Editor:
Wall Street and others have colluded to create a situation in which their personal wealth grew regardless of what happened to the money entrusted to them by unsuspecting investors.
Honest people cannot imagine the greed of others who so callously dreamt up schemes intended to strip them of their wealth. These were not well thought out ideas that failed because of the vagaries of the market, but intentionally criminal acts.
If a bank robber fleeing the police kills someone in an accident, he is held liable for felony murder, in that this was a foreseeable result of his initial crime. So too were the deaths by suicide that occurred when the markets collapsed, intentionally or not.
According to my crime-show knowledge of the law, these people were committing felonies. Many times over, the years people have committed suicide were when impoverished by downturns in the economy, so there was certain inevitability to deaths occurring because of the criminal acts in the investment community.
If I’m not mistaken, in China, they use the death penalty for these types of crimes, as well as political corruption. While I am definitely not a proponent of the death penalty, I do believe all of these criminals should be prosecuted to the fullest extent of the law and spend much, if not all, of the rest of their lives in prison reflecting on what they have done. Penalties such as these just might act as a deterrent.