If this is political, please delete.
http://finance.yahoo.com/news/top-us-officials-rejected-push-171133879.html
Why don’t the feds go after Goldman Sachs, too?
And we have our answer. 
I understand the concept of not wanting to trigger a global financial crisis by endangering the charter of a huge global bank. What I don’t understand is not going after some of the individuals that made the decisions, or better yet, the individuals higher up who were responsible for the decisions that were made. Corporations (large Banks) do not launder money by themselves. People do these things. People can be prosecuted without revoking the Bank’s charter.
Remember when Bill Gates was on trial? All that about Microsoft and their racketeering tactics towards companies who were afraid to come forward for fear of reprisals? You would think that he and Microsoft would be “too big to fail” but nobody is “too big to fine”. Look at the huge fine levied at VW.
I got to say, I have a deep dislike for bankers. The more I read, the more I feel ill about Wall Street and the profiteering off of everything. Even emergency services and student loans are run by Wall Street now. Makes me ill. I live in a town that is about 75% financial professionals. My husband and I are not. Some day I’d like to write a book. Obviously, after I move out of town.
My college roommate and lifelong friend is president of one of our local banks. It’s a hometown bank, and remained highly profitable throughout the housing crisis, with only a few bad loans; and those they managed to work their way out of. But his bank finds it increasingly difficult to do business because of government regulation brought about by the misconduct of the giant banks.
Last year I wanted a short term loan and proposed using some land as collateral that I had used in the past. My banker friend told me that real estate loans now take two weeks to process and that I should just bring him a note receivable, which he could process in a day. So I did. It’s just ridiculous.
What we need is for the government to force these big banks to break up into much smaller banks so that no bank is too big to fail. Then we need to get rid of the regulations and let the idiots go out of business and the good banks make money.
That’s true, and banks have paid billions in fines in the years since 2008. I’m not sure why some believe that the banks are immune to sanctions.
Who suffers when a megabank pays a $billion fine? The shareholders barely notice. The individual employees who commited illegal acts not only escape prosecution they might still earn hefty bonuses. Banks have been doing this forever, even before the 2009 financial crisis. I remember when the Enron settlements came out, as bank after bank ponied up $100s of millions... which seemed like a lot at the time.
it is easy, just send your husband to the attorney generals jet, she will remove all staff, the fbi surrounds plane and illegally tells media no pictures or recording. you talk about the “grand kids” and whala…everything is fixed. why does this surprise you?
2 sets of rules…those at the top and the rest of the commoners.
@NJres Do you know for a fact that employees committed illegal acts? These claims get thrown around a lot but I have never seen any actual evidence of that.