3 ms·

Could you explain what you have in mind? $67 million doesn't sound like a slap on the wrist (it's to a person, not the company, mind), and I'm curious what kin

• jaydub 13y ago
  My response is probably more emotional than logical and I think you raise good points but let me try to respond. How much did he actually pay out himself in the end? Mozilo's worth ~$600M according to some quick googling. $67M represents ~10% of his net worth (some of which was gained illicitly). From a risk perspective this looks like a great deal! Cheat yourself up to a big fortune and if you get caught so what? You've made it! So I do think the fine should be on the same order of magnitude as the net worth of the individual to really send a message -- and it should not be tax deductible (if it is for individuals, I believe companies can). I also think there should be a more serve and general ban from the securities industry.
  • rjsw 13y ago
    The risks should match the rewards.