Here’s another clip from Channel 2 News in San Francisco. This time the subject is investor fraud.
All the news reports are saying this huge settlement will “change the face of Wall Street,” but I don’t see why it will change anything. It seems like the rich have been allowed to buy their way out of going to jail again.
We’re not talking about little firms here: we’re talking about “old school” businesses that should have known better.
(Check out the list of offenders below.)
Apparently, Jon Stewart of the Daily Show felt the same way.
Wall St. Fraud Pay Off – KTVU – Channel 2 News 4-28-03 (Small – 8 MB)
Wall St. Fraud Pay Off – KTVU – Channel 2 News 4-28-03 (Hi-Res – 118 MB)
This kind of crime will continue to pay for these criminals until we remove the other criminals that “impose” these weak penalties. This reeks of U.S. government corruption.
I