The CEO lost his job, the shareholders lost $100 billion, and now thousands of bankers are going to lose their jobs as well.
You are getting all the "accountability" anybody could wish for. Perhaps rather a bit more.
And you are like, "yeah, go baby, pour it on, make 'em suffer, the bastards". It is obscene.
How do you figure?
The level of risk posed by the investment vehicles in question turned out to be FAR higher than what anybody ever claimed.
People who were in the position to ensure that they were not reselling or facilitating the creation of bad debt, failed to do so.
Is this how you think the free market should work?
If you cannot trust the person you are doing business with, and you cannot trust the courts to uphold contract terms and punish fraud, there will be severe impediments to economic growth.