Monday, October 06, 2008

Ed Koch's Key To Fixing The Financial Crisis? The US Attorney's Office

That's right. Knew it would happen soon enough - someone would say that a key to fixing the financial crisis is to, well, arrest people.

This morning on CNBC, Former NYC Mayor Ed Koch was asked what he would do to fix the financial crisis. He had 2 stupid ideas that are less than relevant. One, have the Fed force banks to lend. Two - have the US Attorney arrest and prosecute "those that got us in this mess."

Now I know we live in a "Law and Order" society in which we live to see people go to jail, but can someone in the financial sector tell me how arresting and prosecuting people is a "fix to the financial crisis?"

Yeah, I thought so.

Brian Tannebaum is a criminal defense lawyer in Miami, Florida practicing in state and federal court. Read his free ebook The Truth About Hiring A Criminal Defense Lawyer. To learn more about Brian and his firm, Tannebaum Weiss, please visit