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That might have been a 'record' fine but it was still small potatoes compared to the money scammed and that people were affected by. Notice how the story left out the role of LIBOR on credit card rates.
we could probably zero out the deficit if enough financial institutions were fined appropriate amounts for their crimes. Let's throw in the bonuses, too -- criminals aren't supposed to profit from their crimes, right?
I know this is wishful thinking. But a girl can dream, can't she?
Comments
unfortunately, the banksters aren't the titanic
That might have been a 'record' fine but it was still small potatoes compared to the money scammed and that people were affected by. Notice how the story left out the role of LIBOR on credit card rates.
Here's some a crazy idea for you,
we could probably zero out the deficit if enough financial institutions were fined appropriate amounts for their crimes. Let's throw in the bonuses, too -- criminals aren't supposed to profit from their crimes, right?
I know this is wishful thinking. But a girl can dream, can't she?