JPMorgan, Credit Suisse settle with SEC for $417 million

The banks settled without admitting wrongdoing
Oh, Puleeeeze, when will someone go after these people?
This is just the cost of doing business
Disgusting news
All the same, thank you Reuters.

Ahh “banking” and “investment banking” are a great scheme. Lie, steal trillions, cheat, commit fraud, cause trillions in damage, get saved by the taxpayer, never be held accountable or charged with a crime, be aided and abetted by a feckless and corrupt government and “regulatory” agencies….AND the only repercussion is a swat with a feather (even that which is paid by the stockholders, and the persons who were defrauded in the first place). Stay tuned, more of this to come–why stop, they’re rewarded and encouraged by our government and regulatory agencies to continue the same behavior!

“with the money going to harmed investors”

Hahahahahaha………. yea right!

That’s chump change for Swiss banks and the biggest banks.

The international committee should start demanding Swiss Banks to modify its most non-transparent banking policies.

There is no place for non-transparency which not only promotes tax cheaters, but also African dictators’ blood money and Chinese top Government officials corrupt money.

I understand that these is a tradition there, but when traditions are adding to the burden to a very fragile world economic situation, EVERY institution has to carry its fair share. And a few hundred million dollars is not even 1% of the money unfairly siphoned out from ordinary folks are work hard to make a clean living all over the world.

Swiss banks’ non-transparency policy adversely affect the economy in every continent in the world. Through making corruption more difficult to track, it actively assists many corrupt developing world leaders to siphon money from donations for the poor, for children, for healthcare for the poor, for education for those who have no schools to go to.

Looks like JPMorgan and Credit Suisse will have to dip into their petty cash fund to swat this fly.

It must be nice always being able to settle for pennies and effectively be above the law. I’m sure champagne corks are being popped as we speak.

Janeallen wrote:

“That’s chump change for Swiss banks and the biggest banks.”

That’s exactly right !!! No criminal convictions, no sentencing, no nothing, what a farce.

This proves that the Banksters have taken complete control of our world.

Only a world-wide armed revolution can fix this.

Hey JP Morgan check out what happened to another crook; Mussolini.

Get even with JPMorgan… buy silver bars. You’ll be glad you did.: