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by sailingparrot 2678 days ago
This comments comes back on every single case like that no matter what the amount is, it's almost a cliché now.

Sure prison would be nice, but 4.8 billion dollar is very far from "a slap on the wrist", it it more than half of their yearly operating income worldwide.

2 comments

It's not cliché, it's NOT ok that these corporations can commit huge crimes and no one goes to jail. I would say the fact that you seem OK with it is not OK.

Literally no one went to jail for the crimes of 2007-2008. No one went to jail for laundering money for the cartels, no one went to jail for Libor scandal, and no one went to jail here. Yet if you walk into McDonalds and rob it of the amount in the cash register, you could go to jail for many years

It is not a deterrent though - they key doing it again and again. Right now employees aren’t punished (really) and the bank takes all the risk so why wouldn’t they do whatever they can get away with?