Our necessary, but greedy banking system doesn’t want to pay up for the mortgage debacle. Citi Bank complains the fines are to exorbitant for the size of their crime.
I do believe that the punishment should fit the crime, however, I also believe that individuals should be held accountable, someone should have gone to jail and I don’t mean clerks and low level managers. I am convinced that criminal charges and incarceration would have a bigger impact than fines and penalties. So the beat goes on and uncontrolled greed will take us down this path again.
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