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« Drinker Biddle Lands International Trade Group from Hunton & Williams | Main | The Morning Wrap »

August 18, 2010

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Mike

Let's look at DOJ's Press Release in light of the settlement. According to the Department of Justice, Barclay's broke the law for 10 years. They are paying a $298 million fine.

Barclay's paid approximately $28 million per year to violate the law.

Anyone think Barclay's didn't make several times that amount in profits?

This settlement is a disgrace. Yet again, big banks can treat settlements with the Department of Justice as a mere cost of doing business. Ordinary Americans, however, go to prison for similar conduct.

anti_fascist_freedom_fighter

Um... They DID get a pass... Judge Sullivan is a co-conspirator, along with the justice department, along with the prosecutor... SAME OLD SAME OLD. I mean, FORGIVE ME, but "The government was unable to identify a person for prosecution..." give me a break... my sides hurt I'm laughing so hard at that one! Haww Haww Hawwww!

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