President Barack Obama Message Board

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Politics : President Barack Obama

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ChinuSFO

To: koan who wrote (145648)	9/9/2014 4:53:48 PM
From: tejek	1 Recommendation Read Replies (5) of 149317

Tejek, those bankers would much rather pay a fine than go to jail. All those fines have not affected their pay. B of A a is paying 17 billion, but getting to use 12 billion as a tax deduction. The big banks just see the fines as the cost of doing business and if all they have to worry about is fines they will keep on committing fraud. The only way to stop it is to put them in jail for fraud. Hundreds were put in jail after the S and L crises. I am sorry..........but few criminals are deterred by a time spent in jail. I believe what will prevent banks for pulling another stunt like they did in the aught years is their own self governance [prompted by the Great Recession] coupled with close gov't oversight.

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