Re:Nobel Prize Winner Joseph Stiglitz Calls for Jail Time fo...
by DevX101 on Friday October 22, 2010 @01:53PM
(#1820662)
Rob a liquor store for $40 bucks and get sent away to prison for 5 or more years.
Rob homeowners and investors, like Mozilo of Countrywide Financial, and collect a $140M+ paycheck and the SEC gives you the biggest fine ever of ....drumroll...$67M, $40M of which is going to be paid for on your behalf by Bank of America.
This is roughly the equivalent of law enforcement telling the liquor store robber to pay back $7bucks and we'll call it even.
Rob homeowners and investors, like Mozilo of Countrywide Financial, and collect a $140M+ paycheck and the SEC gives you the biggest fine ever of ....drumroll...$67M, $40M of which is going to be paid for on your behalf by Bank of America.
This is roughly the equivalent of law enforcement telling the liquor store robber to pay back $7bucks and we'll call it even.