This is why people are pissed off:
I learned more from reading the comments after the article than the article itself, here's a few:
Hell, I've never had the option of a payoff without admitting guilt! Why do these yea-hoos always get that choice? (Posted by
$285 million! What travesty of justice. What did they make by shorting that CDO? Billions, probably. We stick it to them where it will hurt: Cut up those credit cards. (Posted by
That's what I'd like to know also: Just what sort of percentage does that $285 million amount to? I am guessing less than what most of us pay in banking fees. Give us a figure on those "staggering profits".(Posted by
What more evidence do we need that our government and those that enforce the laws have been entirely co-opted by Wall Street? Remember that our Congress voted to give AT&T retroactive immunity from their criminal act of spying on the phone calls and e-mails of American citizens. Corporations are continually allowed to violate laws, kill workers, pollute the environment and steal pensions with complete impunity. A fine that represents less than 5% of the money that was embezzled or stolen is not a penalty sufficient to discourage similar behavior in the future. Who was paid off in this deal? Obviously this government does not represent the people. I agree with the comment poster “iwonder”; blood in the streets will be coming soon to a city near you. If there is any justice, it will include the prosecutors who refuse to do their job. (Posted by
"A fine that represents less than 5% of the money that was embezzled or stolen is not a penalty sufficient to discourage similar behavior in the future." As we all know, the clowns on the Hill actually believe they're convincing "The People" that these pocket change fines represent their concern for those of us who want justice. Laughable! (Posted by
They should use this model for the "Little people" too:
Rob a bank of $2000 and rather then go to jail just pay back $50 as a fine with "No admission of Guilt".
Steal a $20,000 car and rather then go to jail pay a $1000 fine with "No admission of guilt".
In all instances you get to keep the rest. It is now yours.
Oh and if you steal a pizza, rather then a lifetime jail sentence , you just have to return a slice and if you happened to eat it all the empty box will be sufficient. (Posted by