Why won't investment bankers at Meryll Lynch be prosecuted?

Because when they invest money for their clients, they are required to determine whether or not these investments are suitable in light of the customer's investment objectives. If they're not suitable than they can be taken to arbitration per terms of their customer account agreements.

Otherwise, when they're investing their own money (which is the cause of their recent distress) there is no law that says they can't lose it.

Well would you have preferred that the bankers not make as much money? The bankers make the money for the country and everyone in the banking system has to be greedy to allow a country to amass it's wealth. In times of Economic growth would YOU prefer to idle by living your life normally whilst everyone around is getting richer? Or would you also go for the new wealth? I don't think it's fair that the major investment banks be blamed completely for this economic turmoil because they were simply doing their job. A recession was bound to happen eventually and they will keep happening because Economic growth can't continue forever. Market confidence was destroyed due to the mortgage crisis and commercial banks lending too much, now those banks have started to fail and are dragging down entire countries.

If a criminal offense become committed it become via the economic enterprise itself. They stated fake figures. Barclay's has already been fined virtually £300M and an learn is persevering with into the quantity of the fraud and which different banks have been in touch. RBS has pushed aside various workers in connection with this learn. quotes of conspiracy via most of the banks would follow, however the learn takes time. If unlawful interest is got here across the FSA and/ or the BofE will tell the police. As for individual bankers, i'm confident that the learn will concentration on them too (see RBS above) and we would yet see offender lawsuits, whether it takes time to do it staggering. A hasty learn will accomplish not something and could be considered as "knee-jerk"

Why blame Merrill when the blame should be put on educational system for creating an entire generation of people who can't read a mortgage application - and for a generation that cant figure out how much they can afford -

You should get a little education before you go condemning people for doing their jobs. If you want to know what happen, why it happened, and why the fix just MIGHT work then read this article

Because bankers can get away with anything and it seems like everyone is always there to cover up for bankers.

Amanda - You called that legalized theft!. Remember, a man with a pen will still more than a man with a gun!

Because banks are in the pockets of the democrats and well democrats are in control of congress. And republicans could care less so they see no need.

They made poor decision and they are paying for it.