@TokyoWoods why bother? Just break up JPM, BAC, Citi, Wells and Goldman. Improves innovation, competition, and number of jobs.
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as usual, govt proves it can never be proactive about anything with banks
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Perhaps they should conserve their resources for those failing to police themselves instead of closing barn doors after horse is out.
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When the fines are imposed on the management they should be based on a percentage of their annual income over the last three years.
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We are living immerse in the "dictatorship regimes" of the big banks. It would be good, if lawmakers put them in the right place.
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jail time.
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they should/must. This is a big deal and Wells Fargo must have a court ordered receiver ie making the decisions while the inquiry goes.
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That is good. No way did 5300 rank and file employees come up with same scheme separately. Mgmt had to have known & encouraged it.
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