How Regulators Protect Big Bankers from Jail

[unhappycamper]

http://www.commondreams.org/headline/2014/01/10-7



Too big to jail

How Regulators Protect Big Bankers from Jail
- Common Dreams staff
Published on Friday, January 10, 2014 by Common Dreams

The U.S. government body tasked with regulating JPMorgan Chase & Co. and other big banks appears to be steering federal prosecutors away from criminal charges.

According to Evan Pérez writing for CNN, at a recent meeting in Washington, federal prosecutors asked the Office of the Comptroller of the Currency—the chief body responsible for regulating JPMorgan and other big banks—what would happen if criminal charges were filed against JPMorgan.

The prosecutors were told by regulators that U.S. law requires that they pull the licenses of banks convicted of criminal charges. As a result, the prosecutors reportedly felt pressured not to press criminal charges, for fear of doing damage to the economy.

"Prosecutors complain that when they push for tougher penalties, regulators warn of consequences that could mean damage to the U.S. economy," Pérez writes.

[MannyGoldstein]

1. That difficult woman from Massachusetts wants to #%^* this all up!

Elizabeth Warren: Traitor!

What the heck is her problem?

[Demeter]

2. Her problem is: She's Right!

and SOME men have SUCH a hard time with that. It messes up their Good Ole Boy games...


edit: added qualifier SOME

[MannyGoldstein]

3. Speaking as a man...

( )

[Demeter]

4. But you aren't a Good Ole Boy, Manny

so remain calm.

[MannyGoldstein]

5. Bo knows!