It’s called a fine, but it’s really confiscation of money legally earned. Remember, this administration is communist, and their goal is putting the means of production in the hands of the collectivity. Read the communist manifesto.
The list, Ping
Let me know if you would like to be on or off the ping list
All this because these big banks were coerced to
buy the scum suckers in the mortgage industry
that were about to go belly-up, which would devastate
the industry and hurt the investors.
Hope that the banks will realize to never acquire a troubled bank without the ability to complete due-diligence
in the future, and tell the feds to go screw.
The 1930’s National Socialists of Germany revived. Complete with millions of adoring, worshiping fools.
Holder’s like having Jesse Jackson with real power.
White hatred in action. How much damage can he do in 30 more months?
As for the banks:
1. We were hunkering down in 2002.
2. Dodd-Frank encouraged loose lending, congress agreed.
3. The real estate sector boomed and busted.
4. Most banks suffered (not Wells Fargo).
5. The fines are minimal to a major bank.
The root of the blame is Dodd-Frank and congress. Guess who voted for congress? That’s why no one goes to jail.
You’re right, there should be no fines. It should prison.
Fat chance you'd ever see Dodd, Frank or Klinton prosecuted...
And guess who will pay those fines in the end? The consumers, of course. Another way to assist in collapsing the economy by removing disposable (is there really such a thing anymore unless you’re an elitest?) from the consumers. Sort of like saying the IRS isn’t going to raise taxes but require higher payroll taxes and removing tax deductions at the same time....