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View Diary: Consumer Financial Protection Bureau Fines Bank of America $772 Million For Credit Card Scams (66 comments)

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  •  Pick an average everyday person, they do fraud, (9+ / 0-)

    they steal vast sums from whole swathes of society, I have a feeling that person would see more than fines and payback.

    I bet there's an agreement signed somewhere that BoA doesn't have to admit guilt.

    And wait a minute! Who distributes the refunds? BoA? What, they're so honest that later when they show a regulator some accounting printouts marked "PAID" that means everyone actually got the refund?

    How do you refund 'missed opportunity' costs, anyway?


    Real fixes, outside the coffin fixes, ain't ever pragmatic says DC Bubble Conventional Wisdoom.

    by Jim P on Wed Apr 09, 2014 at 09:11:45 PM PDT

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