Banks, states reach $26 billion settlement

[quakerboy]

40. And last I heard

Its not even 26 billion from the banks. Last I read of the propose deal, the banks got to charge quite a lot of the proposed settlement money through to the pension funds and cities and whatnot who purchased their securities, rather than paying it themselves.

Or in other words, we get to pay our selves, and the bank is basically off the hook entirely. They don't even pay the civil fines out of their corporate cash, when it comes down to it, much less face jail or personal consequences