2 ms·
Fining a bank a tiny percentage of their take from criminal activity is completely pointless. In fact it's arguably an example of regulatory capture. Serious en
by User23 6y ago
Fining a bank a tiny percentage of their take from criminal activity is completely pointless. In fact it's arguably an example of regulatory capture. Serious enforcement of laws means putting lawbreakers in prison, like we did with the S&L scandal back in the '80s. Bill Black[1] was a hero.
[1] https://en.wikipedia.org/wiki/William_K._Black https://en.wikipedia.org/wiki/William_K._Black