Under the heading of I am not surprised at all…guess what…the bankers are cheating again.
When you don’t put them in jail and they keep their jobs and pay, why would anyone think this is surprising:
It would be the Wall Street equivalent of a parole violation: Just two years after avoiding prosecution for a variety of crimes, some of the world’s biggest banks are suspected of having broken their promises to behave.
A mixture of new issues and lingering problems could violate earlier settlements that imposed new practices and fines on the banks but stopped short of criminal charges, according to lawyers briefed on the cases. Prosecutors are exploring whether to strengthen the earlier deals, the lawyers said, or scrap them altogether and force the banks to plead guilty to a crime.
That effort, unfolding separately from a number of well-known investigations into Wall Street, has ensnared several giant banks and consulting firms that until now were thought to be in the clear.
There was no individual penalty for breaking rules and destroying the economy. They are like children–they will keep misbehaving until punished.


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[…] just a few days after the geniuses at the Justice Department discovered that, surprise, the Wall Street criminal cartel is out breaking laws again.This is no surprise. There has never been an effort to hold the big fish accountable–the […]