The federal regulators need to hit these banks hard with fines. Painful ones. That will inject some spine into the CEOs to put a stop to this crap. Otherwise they’ll keep doing it.
What about civil lawsuits?
I know it’s probably not worth it for most people because you have to be able to claim you were harmed in some measurable way, but still, does Marsha Blackburn have to do everything??? lol
“The federal regulators need to hit these banks hard with fines. Painful ones. That will inject some spine into the CEOs to put a stop to this crap. Otherwise they’ll keep doing it.”
It won’t - banks are HIGHLY REGULATED by the feds, they will ALWAYS do what they’re told, at least if the feds are run by Leftists, as they know Leftists will make them pay if they don’t comply, whereas the banks always have the option of running to media should a Conservative try that stunt.
But the people in government, the ones who gave orders to the banks, EVERY ONE OF THEM, down to the janitors (if involved), needs to be thrown in jail...but won’t be.
The federal regulators need to hit these banks hard with fines. Painful ones. That will inject some spine into the CEOs to put a stop to this crap. Otherwise they’ll keep doing it.
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Won’t work.
Wells Fargo has been fined several times that I remember for illegal practices. They just pay the fine and move on.
The top three layers need to be incarcerated. Then they’ll stop.
” hit these banks hard with fines”
...not good enough...and won’t work if we get out of power at some point.
If they are large banks they need to be broken up into pieces.
The punishment needs to meet the severity of the crime—and be permanent in nature.