futureblackpolitician:

cpark1899:

angstbotfic:

liraj:

taxloopholes:

Bankers are just out here RPing comic book villains

As someone who worked at JP Morgan…. this is true. They have over 10 billion on reserve specifically for fines.

which is why fines should be proportional, like speeding tickets in Finland. 

I worked in corporate finance at Wells Fargo for 12 years. They have extensive reserves. And any fine or settlement paid to a state or federal treasury is tax deductible. Even when the media talks about “largest fine of blah blah to date”, it is still very small from the bank’s perspective.

^^^^^