New Jersey Governor Chris Christie candidly told TheStreet's Jim Cramer at Wednesday's CNBC Republican presidential debate that the people behind General Motors' (GM) - Get Reportdefective-ignition-switch scandal ought to be jailed.
"There's been a lot of political rhetoric that some bank executives should have gone to jail for the 2008 financial crisis," Cramer said. "But, General Motors paid more than $1 billion in fines and settlements for its ignitian switch defect. One hundred and twenty-four people died as a result of these faulty switches. No one went to jail. As a former prosecutor, do you believe the people responsible for the switch and the cover-up belong behind bars?"
Christie looked unfazed, and with a brief shrug, responded, "You bet they do, and if I were the prosecutor that's exactly where they'd be."
GM CEO Mary Barra reached a $900 million settlement with the Justice Department in September, fired 15 employees and appointed a "safety czar," in the wake of revelations that a flawed ignition switch was installed in GM vehicles, ultimately causing the death of 120 people.