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"Prosecutors have explained publicly that banks would earn credit for exposing their misbehaving employees or face charges for protecting them." Hopefully they
by jobu 12y ago
"Prosecutors have explained publicly that banks would earn credit for exposing their misbehaving employees or face charges for protecting them."
Hopefully they offer extra credit for exposing C-Suite level involvement.
Also, where was this deal when the Fed was investigating toxic asset fraud?
- thefreeman 12y agoDoubtful. Also ftfa: The charges will most likely focus on traders and their bosses rather than chief executives. This seems akin to the drug enforcement policy of targeting the users. Which has been shown to be completely useless.