Tag: big banks
How to Punish Bank Felons
When a big Wall Street bank pleads guilty to criminal felony charges committed, there seems to be no punishment that fits the crime. When real people plead guilty to felonies they go to jail, but nobody involved in bank crimes will see a day behind bars. Fair?
If ‘Too-Big-to-Fail’’ Means Too-Big-To-Jail’ It Should Mean ‘Too-Big-to-Be’
If the government really believes that banks like JP Morgan Chase, Goldman Sachs, Morgan Stanley, Citibank and Wells Fargo are “too big to fail” because prosecuting their chief executives could lead to a new financial crisis, then those institutions are simply too big to allow to exist.