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Are fines from $100-250K really in line with the kind of profits and salaries they saw as a result of their schemes?
Another token prosecution, as the regulators, including our court system are owned by the too big to fail financial sector. A tiny fine, when there should have been criminal prosecutions?
The top executives of both of these firms, portrayed routinely as
hands on micro managers, clearly are getting what they paid for!
Cooking the books…ahhh, the aroma of the good ole days!
i’m sure they were all remorseful for their actions as they cut the deal, and they promised to never do it again. of course if they had not been caught, they would have smiled as they rolled on down the highway. i’m sure their parents, and hank are proud of them.
I worked for this company and lost my job as a result of this nonsense. I spent a year on unemployment, I am back working, doing about the same thing, but not making what I was before. I have friends who are still unemployed because of this mess. We should all come together and start suiing the companies we worked so hard for that took these chances and gambled with our lives. Make them pay for real, because this slap on the hand is as embarrasing as the free food pantry lines, the welfare lines, and unemployment lines I’ve spent a year in. There is no real lesson for these people to learn when they are treated like this.
REALLY???? This is what they call punishment. They were making that much a month. How could anyone think this is JUST at all. This will just be one month they cannot buy something new or go out to eat. What about those who lost everything????
…………and yet, our agency brethren continue to use this company.
This is all they get AIG almost broke America makes me want to be an ex rip off the ecomony and retire elsewhere what the heck?
Do you wonder why we are such financial straits?????? The hits keep coming!
It makes a parent wonder how we are to train our children about
consequences for lieing and cheeting. There are no consequences any more for anything. Our moral and ethical compass is broken.
Tammy-agree with you that our moral & ethical compass are broken.
However, if you were to rob a bank, the full weight of the law would be brought upon you. If AIG, commits financial crimes, where are the handcuffs?