Saturday, July 13, 2024

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.

POPULAR

IRS reclaims over $1 billion from wealthy tax evaders in under a year

New IRS funding from the Inflation Reduction Act targets wealthy tax dodgers, reclaiming over $1 billion in unpaid taxes.

Only a despot-friendly Supreme Court, instead of reigning in WH crimes, opens the gates

The right’s ferocious war on the Constitution has now super-powered the executive, leaving Congress, the judiciary, regulators, and ordinary, law-abiding citizens in the lurch.

Two-thirds of Americans, including majority of Biden supporters, urge President to withdraw from 2024...

New poll reveals widespread belief that Biden should step aside, as Democrats consider alternatives.

Tariffs don’t protect jobs. Don’t be fooled.

When employees have become their own employers, they will make the quantities and qualities of a society’s jobs a key policy objective rather than a side-effect of policies focused elsewhere.

Inside China-focused Congressional hearings, panic, paranoia, and hypocrisy reign

China is not a threat because it’s threatening our security—China is a threat because it’s successful.