Belesarius Posted May 20, 2015 Report Share Posted May 20, 2015 US Regulators, the DoJ, and British Regulators have levels a total of over 5 billion in fines against 4 banks for currency rate fixing. http://www.thestar.com/business/2015/05/20/four-banks-fined-25-billion-for-rigging-global-currency-markets.html Largest Anti-trust fines ever given. Donward and LostCosmonaut 2 Quote Link to comment Share on other sites More sharing options...
Donward Posted May 20, 2015 Report Share Posted May 20, 2015 No one would ever accuse me of being a social justice type, if a kid from the hood can get five years for holding up a convenience store and robbing a hundred bucks, the individuals who took part in this should be facing federal prison time. Sturgeon, LostCosmonaut, Toxn and 1 other 4 Quote Link to comment Share on other sites More sharing options...
Toxn Posted May 21, 2015 Report Share Posted May 21, 2015 The fact that nobody faced time for 2008 is pretty comprehensive proof that justice is a terrible joke. Quote Link to comment Share on other sites More sharing options...
EnsignExpendable Posted May 21, 2015 Report Share Posted May 21, 2015 Corporate personhood is one hell of a drug. Quote Link to comment Share on other sites More sharing options...
xthetenth Posted May 21, 2015 Report Share Posted May 21, 2015 The worst thing is that it's better than some alternatives, like them just getting a scapegoat and the company and everybody calling the shots get off fine. Quote Link to comment Share on other sites More sharing options...
Belesarius Posted May 21, 2015 Author Report Share Posted May 21, 2015 The entire board should go to PMITA prison. IMNSHO. Quote Link to comment Share on other sites More sharing options...
Meplat Posted May 22, 2015 Report Share Posted May 22, 2015 5 billion, between four banks.. I'm sure they are looking contrite on the camera, while laughing as they sign the campaign checks. They'll just buy themselves some "more honest" politicians next time. All this is going to do is drive up the service fees to their customers. Unless people are put in jail and sanctioned from ever being involved in the business ever again, the banks never lose out in situations like this. Donward 1 Quote Link to comment Share on other sites More sharing options...
Toxn Posted May 22, 2015 Report Share Posted May 22, 2015 This is one of the reasons why I'm always amazed when banks (and insurance companies) go bankrupt. I mean, how? How the fuck can you have the entire system tilted so far in your favour and still lose money? Quote Link to comment Share on other sites More sharing options...
Donward Posted May 29, 2015 Report Share Posted May 29, 2015 Good. Fuck the fucking fucker. Former Republican House Speaker Dennis Hastert Indicted by federal grand jury Quote Link to comment Share on other sites More sharing options...
Meplat Posted May 29, 2015 Report Share Posted May 29, 2015 Good. Fuck the fucking fucker. Former Republican House Speaker Dennis Hastert Indicted by federal grand jury Wonder who he pissed off/did not cut into the deal, cause I'm pretty damned sure there are a whole shitpot of other lobbyists and congresscritters doing the exact same thing. Betting he stepped on someone's toes. Quote Link to comment Share on other sites More sharing options...
Donward Posted May 29, 2015 Report Share Posted May 29, 2015 The details that they have are pretty far out. Blackmail? Obviously there's the whole presumption of innocent until proven guilty. But this is some crazy stuff. Quote Link to comment Share on other sites More sharing options...
Belesarius Posted May 29, 2015 Author Report Share Posted May 29, 2015 Color me totally unsurprised. Quote Link to comment Share on other sites More sharing options...
EnsignExpendable Posted May 29, 2015 Report Share Posted May 29, 2015 This is one of the reasons why I'm always amazed when banks (and insurance companies) go bankrupt. I mean, how? How the fuck can you have the entire system tilted so far in your favour and still lose money? I'm sure the people in charge of those banks didn't lose any money at all. Quote Link to comment Share on other sites More sharing options...
Tied Posted June 2, 2015 Report Share Posted June 2, 2015 im also sure that they will serve a very short comfortable prison sentence isntead of the lifetime of forced labor they deserve Quote Link to comment Share on other sites More sharing options...
Meplat Posted June 2, 2015 Report Share Posted June 2, 2015 im also sure that they will serve a very short comfortable prison sentence isntead of the lifetime of forced labor they deserve Sadly, prison labor is one of those things that's kind of slipped to the wayside in the 'states. With few exception, much above basic maintenance for the grounds itself is out of the question. With so many of them being privatized or quasi privatized, I'm guessing they don't want to work their guests too hard lest they lose their housing contract. Quote Link to comment Share on other sites More sharing options...
FaustianQ Posted June 2, 2015 Report Share Posted June 2, 2015 Privatized prisons tend to be hellholes, and stuck in with an incestuous relationship with local law enforcement since such prisons are not completely private - like most institutions in the US, it's usually subsidized by public funding, thus they need maximum participation for maximum profit and to keep the sweet free money flowing. Something like prisons should not be a money making endeavor, and if anything is to be gained from imprisoning people it should be a public good. Instead they just act as recruitment centers for gangs as citizens get thrown in on minor charges. Quote Link to comment Share on other sites More sharing options...
xthetenth Posted June 3, 2015 Report Share Posted June 3, 2015 Recidivism should not be equivalent to customer retention. Also I'm pretty sure that in a lot of prisons they use their prisoners for labor, that's a long not-so-proud tradition in this country, and I'm pretty sure they've still got prisoners taking in cotton harvests in some places, and I know of at least once golf course using prisoners for maintenance. Quote Link to comment Share on other sites More sharing options...
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