Re:Student Debt Giant Navient to Borrowers: You’re on Your Own
by mtgx on Tuesday April 04, 2017 @07:06AM
(#14031346)
This is a consequence of a weak FTC and anti-trust bodies. I facepalm every time I see the FTC fining a company making tens of billions of dollars a year something like $2 million over significant multi-year violations.
If you gave a rapist a week in jail, would that make him stop? If not, then why are we acting as if a $2 million fine is going to stop a company from doing further violations that help it make billions of dollars?
And all the settlements, which don't even ask the company to admit to any wrongdoing, are even more blood-boiling. It's almost like it pays to be on the side of corporations when you work for the government these days.
If you gave a rapist a week in jail, would that make him stop? If not, then why are we acting as if a $2 million fine is going to stop a company from doing further violations that help it make billions of dollars?
And all the settlements, which don't even ask the company to admit to any wrongdoing, are even more blood-boiling. It's almost like it pays to be on the side of corporations when you work for the government these days.