General Discussion

johnnyreb

(915 posts)

15. No jail, no juice.

Wed May 20, 2015, 11:34 AM

May 2015

Quoting a commenter in an earlier piece:

What we don't know is why this article is not in the top left column of today's NY Times under the heading "BANK CRIMINALS ESCAPE JAIL TIME AGAIN". Instead of working to uncover the truth buried by this corruption, the news media is helping to cover it up. Why?

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Highlight:

Breaking - 5 Banks to Pay Billions and Plead Guilty in Currency and Interest Rate Case [View all] malaise May 2015 OP

Yes it's good that Obama came down on them this time el_bryanto May 2015 #1

Agreed malaise May 2015 #2

If they were doing that, imagine what they also did and are still doing. nt ChisolmTrailDem May 2015 #3

All well and good Faux pas May 2015 #4

+1 CharlotteVale May 2015 #13

SEC files civil cases, uses financial settlements as punishment. dixiegrrrrl May 2015 #20

Tht is one of the big problems with SEC enforcement. hifiguy May 2015 #22

Isn't it also a tax writeoff? BrotherIvan May 2015 #45

Probably. hifiguy May 2015 #57

Beyond all logical reason Faux pas May 2015 #59

Plead guilty to antitrust violations Sanity Claws May 2015 #5

Shitty Group and JP Morgan yes 1939 May 2015 #7

Doubt it but we can hope malaise May 2015 #10

K & R !!! WillyT May 2015 #6

Juicy, delicious crow is now being served in the lounge. Come and get it DU! tridim May 2015 #8

ROFL malaise May 2015 #9

No jail, no juice. johnnyreb May 2015 #15

$5 Billion each? Oh, no...$5B total...after they made how many billions illegally? Moostache May 2015 #17

Not to mention the tax breaks for paying these fines, another words for the lost mrdmk May 2015 #29

+1 nt F4lconF16 May 2015 #32

Dear Malaise- How many are going to jail? n2doc May 2015 #11

+1 CharlotteVale May 2015 #14

Wish I knew although I'd prefer them to malaise May 2015 #16

I would be fine with either n2doc May 2015 #18

Bring back the stocks and the pillory. hifiguy May 2015 #23

That will go down as the single best sign hifiguy May 2015 #37

If they cannot find this chump change in the sofa FlatBaroque May 2015 #12

If 5 billion is less than the profits they made it's not a fine, it's a business expense. n/t Shamash May 2015 #19

Bingo. K&R to your comment. nt TBF May 2015 #30

That's simply 1 Billion per bank. closeupready May 2015 #31

This. F4lconF16 May 2015 #33

+1000 nt Mojorabbit May 2015 #50

FAR less-- the scale of this particular fraud is almost unfathomable. Marr May 2015 #53

Cost of doing business, they made much more than the fine I am sure. Dustlawyer May 2015 #21

I'm just going to leave this here... Make of it what you will... Glassunion May 2015 #24

And therein lies the problem malaise May 2015 #25

For contrast... You know... To be fair. But for me, I prefer the company of others. Glassunion May 2015 #26

By a distance malaise May 2015 #27

As I asked in another thread about this... malthaussen May 2015 #28

Yes. From HuffPo: okaawhatever May 2015 #51

Well, that's interesting. malthaussen May 2015 #55

So this is going to stop the banks from cheating and stealing how?! Dont call me Shirley May 2015 #34

It is barely a speed bump. hifiguy May 2015 #36

And then they get the tax write off for their fine and voila not one cent of the fine paid Dont call me Shirley May 2015 #41

If you haven't read Nomi Prins' "It Takes A Pillage" yet hifiguy May 2015 #42

Heard her speak many times on DN and FSTV. She is a treasure, not stealing treasures like her Dont call me Shirley May 2015 #43

that little thing at the end is why everyone makes fun of BOGers as cultists MisterP May 2015 #35

who's going to jail onethatcares May 2015 #38

^^THIS. n/t PowerToThePeople May 2015 #40

We Need Perp Walks colsohlibgal May 2015 #39

Fines come out of shareholders' hide. moondust May 2015 #44

But how can we send a bank to jail? Oilwellian May 2015 #46

Their bosses should be in jail n/t malaise May 2015 #47

Anyone going to jail?..nt Jesus Malverde May 2015 #48

Cost of doing business - not "huge" hatrack May 2015 #49

When they pay fines for this type of crimes where does the money go? jwirr May 2015 #52

k&r.... spanone May 2015 #54

Incorrect. Not huge. Orsino May 2015 #56

Not particularly praiseworthy LondonReign2 May 2015 #58