ST Alpha - "It's good to be a mega-bank. Not only can you settle fraud cases with the SEC without admitting that you did anything wrong -- (link)" (Reading a Post)

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It's good to be a mega-bank. Not only can you settle fraud cases with the SEC without admitting that you did anything wrong -- (link)

Posted by znufrii Feb 3 '12, 06:41

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they'll also give you a waiver from sanctions that are supposed to apply to such companies. (www.nytimes.com)

Responses:

Their reasoning is awful. They're protecting the investor by - Krusty Feb 3, 07:01 3
- it strikes me as another iteration of "Too Big to Fail" logic -- nm - znufrii Feb 3, 07:03 2
  - Yup. Too big to seriously punish too? Such crap. -- nm - Krusty Feb 3, 07:12 1
    - exactly. -- nm - znufrii Feb 3, 07:29

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