Submitted by Elaine Magliaro, Guest Blogger
Last December, I wrote a post titled You Call This Justice? DOJ Criticized for Its Settlement with “Too Big to Jail” Bank HSBC. It appears that the US Justice Department isn’t too keen on bringing criminal charges against ANY wealthy bankers—not just those who work for HSBC, a huge international bank that has knowingly laundered money for drug cartels and murderers. The unethical shenanigans of the banksters of Wall Street that led to the near collapse of the US economy and to a recession don’t seem to merit jail time for the perpetrators—just a slap on the wrist and a fine. No individual fines are paid though. The mega banks pay the fines and the banksters continue to go about their business…and continue to earn hefty salaries and bonuses.
At “Wall Street Reform: Oversight of Financial Stability and Consumer and Investor Protections,” the first…
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