Wall Street Justice: Too Big To Fail AND Too Big To Jail?

Rcooley123's Blog

Since the financial collapse that began the Great Recession several years ago, the Dodd-Frank financial reforms were passed by Congress and several investigations took place in which many of the financial institutions agreed to multi-billion dollar settlements under which no admission of guilt was made by the banks. Settlement funds were designed as compensation for the damage done by some of the banks’ questionable dealings. At no time in the course of any of these investigations has any corporate executive faced the risk of criminal indictment or punishment. Financial settlements have been paid primarily by shareholders and not come out of the pockets of highly compensated corporate executives under whose watch the activities took place. Settlements, though they were extremely large in monetary terms, were often at least partially offset by being tax deductible, and could be seen as part of the cost of doing business.

Many, if not most…

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2 thoughts on “Wall Street Justice: Too Big To Fail AND Too Big To Jail?

Add yours

  1. An interesting discussion is definitely worth comment.
    I believe that you should write more on this topic, it might not be a taboo matter but typically
    folks don’t talk about such issues. To the next!
    All the best!!

    Like

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