Wells Fargo to be fined 1,000,000,000

[luiz]

The US does not punish it's companies. It only pretends to do so.

Well it punishes its companies much more than other countries, that's all.

 

[Traitorfish]

Perhaps we can compromise and say that while all countries only pretend to punish companies, the United States pretends the hardest.

 

[Zkribbler]

Anyway, I always find it a bit funny, though not surprising, that people who are all for alternative penalties for drug dealers, robbers and violent offenders

I've seen it advocated for drug USERS, not dealer or robbers and violent offenders.

suddenly salivate for the blood of non-violent white collar offenders. What happened to not feeding the prison-industrial complex?

I don't know. The systematic destruction of tens and maybe hundreds of thousands of family fortunes solely in the name of corporate greed seems to me to be a bad thing.

 

[Zkribbler]

9 congressional Democrats are joining Republicans supporting legislation that consumer advocates say would strip the CFPB of the power to bring cases like the one it just settled with Wells Fargo.

https://www.huffingtonpost.com/entry/democrats-wall-street-steal-cars_us_5ada52d5e4b01c279db45991

 

[hobbsyoyo]

Did the Trump administration back away from the $0 appropriation request for the CFPB? That's essentially a backdoor line-item-veto and I don't see how it's legal.

 

[Lexicus]

Anyway, I always find it a bit funny, though not surprising, that people who are all for alternative penalties for drug dealers, robbers and violent offenders suddenly salivate for the blood of non-violent white collar offenders. What happened to not feeding the prison-industrial complex?

Read a criminology paper on the subject and you will find that white-collar crime responds to (dis)incentives like imprisonment a lot more readily than street crime.