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News Link • Crony Capitalism

Once Again, Punishing the Bank but Not Its Top Executives

• New York Times

It’s an outcome that has vexed the public since the financial crisis of 2008.

The government says there is wrongdoing at a large bank and makes it pay a fine. But senior executives who seemed to play a role in the missteps are not singled out for individual punishment.


2 Comments in Response to

Comment by Olde Reb
Entered on:

that was an inapplicable citation. it should have been that relates to how the executive branch is dominated by Wall Street.   Eric Holder has publicly announced Wall Street is too important to prosecute.

Comment by olde reb
Entered on:

It is pretty simple, really. The NY bankers control the executive branch (and own the Board of Governors) and most of the legislative branch of government. Ref. FUNDING THE NEW WORLD ORDER.

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