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As long as fine are small enough to be treated as a running cost, the companies and their shareholders won't care about breaking or bending the rules. It's grea
by Karupan 4y ago
As long as fine are small enough to be treated as a running cost, the companies and their shareholders won't care about breaking or bending the rules. It's great that the SEC investigated this behavior, but fine is nothing more than a slap on the wrist.
- fisherjeff 4y agoI agree in the general sense, but on average the fines in this case were over $100m. That’s like 1/6 of BAC’s liquid assets, for example.