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The article seems to paint a picture that the government is trying to keep the settlements secret, but that doesn't seem to be the case at all. The DoJ was conc
by jobu 12y ago
The article seems to paint a picture that the government is trying to keep the settlements secret, but that doesn't seem to be the case at all. The DoJ was concerned about destroying these companies and causing an even bigger fallout.
As this hasn't proved true the government has gotten more and more bold - forcing larger settlements, making banks admit fault, and they even recently got Bank of America to agree to a 30-page "Statements of Fact" (https://www.documentcloud.org/documents/1278638-statement-of-facts-on-bank-of-america-deal.html https://www.documentcloud.org/documents/1278638-statement-of...)
While the BofA "Statements of Fact" doesn't name any specific employees, it can theoretically be used to bear witness against people within the company that made and condoned the actions. We may soon see criminal trials of real people instead of civil trials against corporations.