Elizabeth Warren is wrong: Jail is the wrong approach. [View all]

[DetlefK]

After all, a bank consists of many people. How do you make sure that you get throw the bad guys into jail?

So, what's the worst that could happen to rich people? Becoming poor people.

1.)
Just ramp up the fines and the sums that regulators are allowed to accept in out-of-court settlements: 200%
You steal a house worth $300,000 by falsifying documents, you pay $600,000 in fines (and give the house back, of course).
You manipulate stocks to make $10,000,000, you pay $20,000,000.
You launder $1,000,000,000 for a criminal organization, you pay $2,000,000,000.

2.)
If you get caught for the same type of crime a second time, the fine goes up to 300%.
Again? Make that 400%.
Seriously, again? How about 500%?

Just make sure that regulators CAN'T be nice to criminals.