Re:Wells Fargo Hit with $1B in Fines
by freddie_mercury on Saturday April 21, 2018 @12:27AM
(#16889975)
Actually there is a lot of real world evidence that fines dissuade honesty.
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Were the decision makers involved adequately punished? Will they ever do something like it again?
Fines dissuade from making exactly the same thing but that doesn't seem to prevent different kinds of scam.
Re:Wells Fargo Hit with $1B in Fines
by keganunderwood on Saturday April 21, 2018 @08:06AM
(#16891119)
ZTE apparently paid bonuses to 30+ people even though that were involved in some kind of violation. I bet Wells Fargo well also pay the CEO and the board very handsomely.
As it was in 2009 where me and you and every John Q Taxpayer contributed to the yacht and private jet fund for the Wall Street execs that stole pension money from millions of Americans, tripled unemployment, caused hundreds of thousands of excess deaths in the subsequent economic downturn...
Nothing pitchforks, molotovs, and sturdy rope wouldn't solve, but I guess we're just too comfortable to do anything but passively let them f*ck us in the butt.
Re:Wells Fargo Hit with $1B in Fines
by freddie_mercury on Sunday April 22, 2018 @11:08PM
(#16900227)
"dissuade" does not mean "completely prevent forever in all circumstances"
Dissuade means something more like "reduce the chances of it happening".
If the OP had written "fines do not completely prevent forever the chances of a bad thing happening" everyone would have realised that was a nonsensical bar because even putting in jail doesn't do that.
Re:Wells Fargo Hit with $1B in Fines
by chiefalchemist on Saturday April 21, 2018 @10:11AM
(#16891485)
The Wells Fargo fine indicates there are gaps in that evidence ;)
Re:Wells Fargo Hit with $1B in Fines
by freddie_mercury on Sunday April 22, 2018 @11:07PM
(#16900223)
"dissuade" does not mean "completely prevent forever in all circumstances"
Dissuade means something more like "reduce the chances of it happening".