Banksters are from Mars, Regulators are from Uranus.
How does one call a settlement appropriate when these so-called settlements clearly benefit one side and ALWAYS the one committing the fraud over and over and over…
Reuters-
A top U.S. bank regulator on Tuesday offered a lengthy defense of entering into settlements with banks, taking a swipe at critics who have questioned whether regulators are aggressive enough in taking banks to trial.
Comptroller of the Currency Thomas Curry said his agency’s main goal as a prudential supervisor is to fix problems and make sure that federal banks operate in a safe and sound manner.
“The purpose of our actions is not to punish banks or make examples of anyone,” Curry said in a speech before state attorneys general in Washington.
“We are very different from agencies like the Department of Justice, which is authorized under the law to bring actions for punitive purposes, including criminal actions, against institutions and individuals,” he said, according to prepared remarks.
[REUTERS]
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
My uncle had a quote that this reminds me off. He often said ” I would like to see things from your point of view, but there is not enough room for both our heads up you Ass!
LOL…Love it!
At the VERY least these settlements should be NON-DISCHARGEABLE and NON-DEDUCTIBLE. Fraud should never be allowed to become a business expense or discharged in bankruptcy. AND while I’m at it, if you are running a company that commits frauds, especially of this magnitude, you should be removed from the company by it’s Board of Directors, a disgorgment of your assets, including company stock sold to repay the victims and ban from the industry and/or directly or indirectly related companies for a period of not less than 5 years; and if you are an attorney, your license should be revoked or suspended for the same period.