Volkswagen Executive Sentenced to Prison ↦

Reporting by Megan Geuss at Ars Technica:

On Wednesday, a US District judge in Detroit sentenced Oliver Schmidt, a former Volkswagen executive, to seven years in prison for his role in the Volkswagen diesel emissions scandal of 2015. Schmidt was also ordered to pay a criminal penalty of $400,000, according to a US Department of Justice (DOJ) press release. The prison term and the fine together represent the maximum sentence that Schmidt could have received under the plea deal he signed in August.

Why weren’t any finance sector executives similarly held accountable after the 2008 crisis?