Discussion for article #244692
It does not take a rocket science to realize that if there is a $5 billion settlement that a crime had occurred. So where are the indictments?
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So, who is going to prison and for how long?
Once again Lloyd Blankfein will pocket millions and serve no time.
Why do I have the feeling this is pocket change compared to what they stole?
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Same as always, anyone who blows the whistle.
Yep, no Glass-Steagall prevention is necessary; we can always negotiate for a settlement after the widespread damage is done.
I thought this Wall Street Journal article might be of interest.
Apparently, Metropolitan Life Insurance – Metlife – is considering breaking itself up in order to avoid the regulations for “too big to fail” financial institutions under Dodd-Frank.
General Electric has already decided to do this by spinning off GE Capital for $200 billion as well as their credit card division, and AIG and Prudential Financial are also reportedly considering breaking themselves up.