Found 8 comments on HN
misiti3780 · 2018-06-05 · Original thread

I have really enjoyed your books and all your articles over the years, especially about banking, corruption, and the financial crisis. i am curious if you have read the book 'The Chickenship Club) [] and your thoughts on it?

decebalus1 · 2018-04-07 · Original thread
> It's amazing the effect a CEO locked in a cage for a few years like an animal has on the population of CEOs as a whole. Treat digital infrastructure like we treat real infrastructure. If people built bridges the way we build software infrastructure, rafts of executives would be rotting in prison.

Never going to happen. Especially in the current 'business friendly' administration. This [1] book does a great job at explaining why. I don't think we'll see a CEO behind bars for anything white-collar in our generation. Sadly. Judges and prosecutors are political animals too, you know.


spodek · 2018-03-14 · Original thread
For those interested in learning about the United States government moving from prosecuting white-collar criminals to settling, the difference between the SEC and Justice Department misses the point.

The book The Chickenshit Club by a Pulitzer Prize winning journalist tells a more thorough and comprehensive, though infuriating and tragic, story.

bradleyjg · 2017-12-16 · Original thread
> Causing financial crisis wasn't illegal. Unethical but not a crime. Except for some cases of misselling products, banks playing against the customer etc.

The exception there swallows the rule. Prosecutors could have, and in previous financial crises did, prosecute top executives under the laws against, for example, wire fraud.

They didn't this time for reasons outlined in the excellent book: Chickenshit Club (

rrdharan · 2017-10-04 · Original thread
Many reasonable people seem to believe that the backlash and horror inm response to the US government killing of Arthur Andersen and the subsequent job losses were what led to the later toothless reactions by the DoJ to subsequent corporate scandals:

Naga · 2017-09-30 · Original thread
There is a good book on this subject that just came out: The Chickenshit Club by Jesse Eisinger ( It's about the culture inside the SEC and Justice Department and their motivations over the last thirty or so years.
jgalt212 · 2017-09-04 · Original thread
it blows my mind that basically any financial crime committed by a big shop results in a fine (and more regulation/compliance) instead of jail time for the bad actors.

of course, if the crime is committed by a penny ante fraudster, then the DOJ is not afraid to put them in jail.

jgalt212 · 2017-07-08 · Original thread
Yes, but even when the Dems were running DOJ, they did not go after corporate executives.

new book on this by Pro Publica reporter:

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