It’s a really nice payoff system for those receiving the fines. Completely corrupted system, you and I would be in jail in a heartbeat for the same thing.
Earlier today, ZeroHedge posted the attached article pursuant to fraud and related criminal activity by Wells Fargo bank. They were fined 3.7 billion dollars and nobody went to jail. To add insult to injury, the victims get no compensation and the proceeds of the fine are paid to the federal government. To Wells Fargo, it’s merely the cost of doing business. Rinse and repeat.
Most have missed this part about the banks getting away with crime; that is back in 2011 or so Jamie Dimon sat down with Eric Holder (Obama's Atty Gen,) and got the regs changed so the Big Dogs are able to write off 75% of their fines on their federal taxes. They laugh at us.
Um well OF COURSE NOT! As I've learned from Tom Luongo, it's mostly about discovery-the prevention of that is. Wtf do you think they arrested SBF just hrs before he was going to sing like a bird to Congress? Because BOTH of our corrupt, war-mongering, humanity-hating political parties, had zero desire to have some of their sins exposed.
This is why nothing changes, there is no real accountability. If they were locked up with Bubba for a few years they may think twice about committing crimes!
They all got away with it in 2008. That just encouraged and enabled them to do it again.
In fact, not only did they get away with it, most of them were rewarded for their bad behavior with massive bailouts. To big to fail really meant, we need to keep them in business so they can screw Main Street again and get richer than they did during the last screw job
As George Carlin said “It’s a BIG Club & You Ain’t In It”
Perfect!
I agree completely.They should be imprisoned
Why?
You only need one share to participate in a class action.
You’ve just revealed yourself as a troll, got ya
He is a wack job.
Oh you mean like congress and the board of governors at the Fed who are all guilty of insider trading and could care less what we think.
The same people who sent Martha Stewart to jail for something similar that was chump change compared to these lying thieves.
Send them all to prison. They’re no more special than we are. It’s got to be fair all the way around no matter what.
It’s a really nice payoff system for those receiving the fines. Completely corrupted system, you and I would be in jail in a heartbeat for the same thing.
Absolute Disgrace, no real Justice, one law for us and another Law for them.
Earlier today, ZeroHedge posted the attached article pursuant to fraud and related criminal activity by Wells Fargo bank. They were fined 3.7 billion dollars and nobody went to jail. To add insult to injury, the victims get no compensation and the proceeds of the fine are paid to the federal government. To Wells Fargo, it’s merely the cost of doing business. Rinse and repeat.
https://www.zerohedge.com/personal-finance/wells-fargo-ordered-pay-37-billion-over-widespread-illegal-activity
Yeah,those fines amount to "bribes"
Most have missed this part about the banks getting away with crime; that is back in 2011 or so Jamie Dimon sat down with Eric Holder (Obama's Atty Gen,) and got the regs changed so the Big Dogs are able to write off 75% of their fines on their federal taxes. They laugh at us.
Good point
And their fines are always WAY less than the $ they made through the illegal activity! Crime pays for these guys!
Um well OF COURSE NOT! As I've learned from Tom Luongo, it's mostly about discovery-the prevention of that is. Wtf do you think they arrested SBF just hrs before he was going to sing like a bird to Congress? Because BOTH of our corrupt, war-mongering, humanity-hating political parties, had zero desire to have some of their sins exposed.
Rule of law has been dead for ahwhile now hardly anyone notices hey look over there a drag show for kindergarteners!!!!
Jail them all. Better yet, dissolve them and then put them behind bars and locks.
If there are no penalties for Bad Behavior or Amoral Actions then why would anyone with those inclinations stop? They won’t ~
It’ll become more abrasive & much more excessive.
This is why nothing changes, there is no real accountability. If they were locked up with Bubba for a few years they may think twice about committing crimes!
They all got away with it in 2008. That just encouraged and enabled them to do it again.
In fact, not only did they get away with it, most of them were rewarded for their bad behavior with massive bailouts. To big to fail really meant, we need to keep them in business so they can screw Main Street again and get richer than they did during the last screw job
Which has been exactly what has happened.
Revolt or nothing changes.
Why would the Government want to kill the cash cow? They (US Government) make money on repeat customers.
Take Profit COFFEE long
+6.4 %
Closed the position because of seasonality.