ST Alpha - "Their reasoning is awful. They're protecting the investor by" (Reading a Post)

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In response to "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)" by znufrii

Their reasoning is awful. They're protecting the investor by

Posted by Krusty (aka krustylu) Feb 3 '12, 07:01

doing next to nothing when the firms lie to their investors? Fines don't affect these firms and they know they can do whatever they want and the only repercussions will be a slap on the wrist.

They're not protecting the investors nearly as much as they're protecting the firms.

Responses:

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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Their reasoning is awful. They're protecting the investor by

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