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Originally Posted by Parkview_Pirate
I'd be far more impressed if .gov pulled their charter, and tossed a couple of dozen Wells Fargo execs in prison for 20 years.
Instead, a fine does nothing but result in a hidden tax on customers. It hardly discourages the fraud.
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banks, insurance and drug company's put away slush funds because they know they fleeced people and will have to give back some of the money they stole at some other point of time. when we have to pay our taxes, we just fork it over to the IRS or department of revenue in the states that tax you. banks arbitrate the figure and never pay what they owe.
mainly because of banks the people of this country are forced to pay off a $21 trillion debt. in the fractional banking system, banks operate with 10-1 leverage which basically amounts to welfare for the banks that taxpayers have to pay up for.
there is nothing good about banks or other financial company's, the ones that get caught need to do time because there is no way society can exist without banks.