Crime Can Pay if It’s Big Enough

Crime Can Pay if It’s Big Enough

Jim Hightower OtherWords Wow, $5 billion. That’s the stunning amount Goldman Sachs has agreed to pay to settle federal criminal charges over its shameful financial scams, which helped wreck America’s economy in 2008. That’s a lot of gold, even for Goldman. Yet the...
Crime Can Pay if It’s Big Enough

How to Punish Bank Felons

By Robert Reich RobertReich.org What exactly does it mean for a big Wall Street bank to plead guilty to a serious crime? Right now, practically nothing. But it will if California’s Santa Cruz County has any say. First, some background. Five giant banks – including...
Crime Can Pay if It’s Big Enough

Is Citigroup’s $7 Billion Fine Bogus?

Jim Hightower AlterNet http://www.alternet.org/corporate-accountability-and-workplace/hightower-citigroups-7-billion-fine-bogus?paging=off&current_page=1#bookmark Media outlets across the country trumpeted the stunning news with headlines like this:...