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February 17, 2012

Paul Krugman In Playboy Interview: 'People Should Be In Jail' Because Of Financial Crisis

“‘It’s hard for me to believe there were no crimes,’ Krugman told Playboy. ‘Given the scale of [the financial crisis], given how many corners were being cut, some people must have violated laws. I think people should be in jail.'”

“Krugman’s sentiment echos other critics who say that those responsible for bringing the U.S. to the brink of financial collapse aren’t being held accountable for the havoc they wreaked. Objectively speaking, federal prosecution of financial fraud fell to a 20-year low in 2011, according to a report released in November. The Occupy Wall Street movement, which Krugman said in the interview has “done a great service,” has highlighted these concerns and as public anger grows government agencies have taken some action.”

Read the full story here.

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