#1 2016-09-14 02:11:55
Fun while it lasted.
http://www.newyorker.com/business/curre … regulation
Auto-edited on 2020-08-02 to update URLs
Last edited by choad (2016-09-14 02:23:41)
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#2 2016-09-14 10:39:26
It took years, but now the company has been fined a hundred and ninety million dollars—a record, the Consumer Finance Protection Bureau says. More than five thousand employees were fired for the offenses. This practice was so widespread around the country that it would be a truly remarkable coincidence if each team member had come up with the strategy independently. Still, only low-level managers were fired. Once again, a big bank was caught doing something awful, received a fine, admitted no wrongdoing, and no senior manager or, God forbid, C.E.O. was punished in any way.
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That year, Stumpf won the Euromoney Banker of the Year award. Last year, Stumpf was named Morningstar’s C.E.O. of the Year, and made nearly twenty million dollars. This year, he was reappointed to the prestigious Federal Advisory Council, a group of twelve bankers who are trusted to give guidance to the Federal Reserve Board of Governors. The Federal Reserve, of course, is the nation’s leading bank regulator.
I guess that's what your $190 mil gets you, a slap on the wrist and throw some peons to the vampires to show you are "doing something".
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#4 2016-09-15 22:55:42
Why not? The shit deluge has only just begun, might as well enjoy the show.
https://www.theguardian.com/us-news/ng- … n-politics
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