Wall Street Crime .

[NC_Skins]

Still waiting on those banking prosecutions G1?....lol

[Giantone]

Originally Posted by NC_Skins

Still waiting on those banking prosecutions G1?....lol

I think this is better .


I Crashed a Wall Street Secret Society -- NYMag




and here is another , old but still gets to the point!

Wall Street: Not Guilty - Businessweek

[Giantone]

Originally Posted by NC_Skins

Still waiting on those banking prosecutions G1?....lol

Feds Ever-So-Gently File Criminal Charges Against Credit Suisse



The U.S. government has finally backed up its boast that no bank is too big to jail, if by "jail" you mean "vigorously slap on the wrist."
The Justice Department on Monday filed criminal charges accusing Swiss banking giant Credit Suisse of conspiring to help U.S. customers dodge taxes. The bank pleaded guilty to the charges, breaking from a recent tradition of letting banks defer prosecution. Credit Suisse also agreed to pay about $2.6 billion to settle the claims brought by the Justice Department, the Federal Reserve and New York State.
"This case shows that no financial institution, no matter its size or global reach, is above the law," Attorney General Eric Holder said in a press release announcing the settlement.



It's not what I wanted but ,baby steps .

[Giantone]

Again ,not what I wanted but they aren't walking away free either .


Judge Orders Bank of America to Pay $1.27 Billion in 'Hustle' Case - WSJ

Reverberations of the ruling could be felt widely. Bank of America, Goldman Sachs Group Inc. and other banks are weighing potential settlements with the Justice Department or U.S. housing regulators on a variety of mortgage matters that still are lingering more than five years after the financiaJudge Rakoff's decision could, in particular, complicate Bank of America's negotiations with the Justice Department in a separate, larger case over mortgage securities the bank sold to investors in the run-up to the financial crisis. The bank met with the Justice Department on Tuesday and Wednesday as part of that negotiation, according to people familiar with the matter, and raised its offer for what it is willing to pay.
The $1 million fine for Ms. Mairone could stand as a rare example of a Wall Street official having to pay a fine out of his or her own pocket for conduct related to the financial crisis. The judge issued guidelines for how the fine should be paid from her own income. A Bank of America spokesman declined to comment on whether the bank would assist Ms. Mairone in that effort.