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by calcifer 1366 days ago
The consequence by law was the revocation of their banking license. But because they are "too big to fail", they got away with a slap on the wrist instead.
1 comments

The appropriate degree of the consequence is debatable, I'm just saying, ~$2 billion of fines/penalties does not equal "clean".
The fine was less than 20% of their annual income, for a crime committed over decades. Compared to what the law says, they got away completely clean. The punishment was barely more than a sternly worded letter.