Banks busted - $5.4B in fines

Alex1432

Level 2 Member
I think the more interesting aspect was that they were forced to plead guilty.

Is 1 billion dollars really a lot for companies to make that in a quarter? This was for years of illegal practices. The people doing the illegal trading were not charged. I think we need to get more stringent punishments in place as most of these companies probably just consider this the cost of business. Kind of like delivery companies that get tickets for illegally parking while making a delivery, its just a fee you pay the government.
 
Top