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Then the civil penalties should be extended to a lifetime bar from serving in a position of fiduciary responsibility - for starters.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Mar 18th, 2016 at 11:34:57 AM EST
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That would be a nice touch - though in Irish law I have a funny feeling it might fall foul of a right to earn a living.
by Colman (colman at eurotrib.com) on Fri Mar 18th, 2016 at 11:36:02 AM EST
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Is there such a right explicitly or implicitly  guaranteed in the Irish Constitution? Even if there is a lifetime ban on positions of fiduciary responsibility does not prevent one from making a living - just from doing so with other people's money.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Mar 18th, 2016 at 12:49:52 PM EST
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There's something complicated about it, I don't quite recall what. Might be common law.
by Colman (colman at eurotrib.com) on Fri Mar 18th, 2016 at 12:56:30 PM EST
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As long as they can carry out menial work their right to earn a living is protected...

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Mar 21st, 2016 at 10:14:38 AM EST
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I do know that Michael Milken is effectively prohibited from ever again working in the financial industry personally. But he still got to keep $500 million in assets and cash. I think a million would have been quite sufficiently generous and certainly no more than $10 million. He did far more damage than that via the junk bond scandal, and $440 million might have gone a ways towards compensating some of the victims, preferably starting with the most vulnerable.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Mar 18th, 2016 at 12:54:50 PM EST
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Does this mean that reckless drivers get to keep their licence in Ireland if they need to drive for their living? Or does the Irish Constitution have a special clause protecting bankers?
by gk (gk (gk quattro due due sette @gmail.com)) on Fri Mar 18th, 2016 at 01:07:36 PM EST
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No such right in the US.  We take away the ability to make a living above the poverty line with every felony conviction.
by rifek on Mon Mar 21st, 2016 at 10:18:55 PM EST
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