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View Diary: Some Good Banking News (13 comments)

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  •  Start with fines (4+ / 0-)

    And prosecute the firms that continue illegal behavior. Weglin pleaded guilty. Executives can't enter the country...

    And the fines were large enough to kill the bank when combined with the reputation hit.

    •  The goal here is to change (2+ / 0-)
      Recommended by:
      scienceandfinanceguy, Lujane

      Swiss banking laws,making them less secret. Not just vis-a-vis the USA,but also with Germany,UK,etc. Yes, this means that various govts. are chasing after un-taxed assets (& should),but it is not much of a prosecution if no "investors" are being prosecuted.
      But who knows,maybe someday we'll see Mittens perp walked.
      (err,actually,I do know. We will never see Mittens arrested for any financial shenanigans.Wouldn't be prudent. TBTJ.)
       

      "George RR Martin is not your bitch" ~~ Neil Gaiman

      by tardis10 on Fri Jan 04, 2013 at 11:15:27 AM PST

      [ Parent ]

    •  Kind of a Corporate Death Sentence (0+ / 0-)

      If I ran this circus, things would be DIFFERENT!

      by CwV on Fri Jan 04, 2013 at 03:27:23 PM PST

      [ Parent ]

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