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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (145648)	9/9/2014 2:17:44 PM
From: pcstel	Read Replies (1) \| Respond to of 149317

<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.< Perhaps Eric Holder could spend less time in Furgeson, and more time prosecuting the Bankers. But, the Bankers are this Administrations friends, they have catered to the Bankers every wish and demand. PCSTEL

To: koan who wrote (145648)	9/9/2014 4:53:48 PM
From: tejek	1 Recommendation Recommended By ChinuSFO Read Replies (5) \| Respond to 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.