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Old 2014-05-24, 18:02   Link #33851
Xellos-_^
Not Enough Sleep
 
 
Join Date: Nov 2003
Location: R'lyeh
Age: 48
more change you can believe in

Quote:
“This case shows that no financial institution, no matter its size or global reach, is above the law,” said Holder at a news conference.
In fact, it shows nothing of the sort. Yes, Credit Suisse agreed to pay $2.6 billion; that’s real money, but nothing a bank its size can’t handle. And yes, three years ago, seven midlevel Credit Suisse executives were indicted. But in the just-announced settlement, no one in top management was forced to resign. The U.S. wanted the names of the Americans with private Credit Suisse bank accounts; Justice settled without getting them. And, most amazing of all, pleading guilty to a felony will have absolutely no business consequences for Credit Suisse. For instance, a Securities and Exchange Commission rule forbids a firm convicted of a felony from serving as an investment adviser; the rule was temporarily waived for Credit Suisse.
As its chief executive, Brady Dougan, put it in a conference call with media and analysts after the guilty plea, “We have found no instances where clients cannot do business with us.”


http://www.nytimes.com/2014/05/24/op...p&rref=opinion

hate to beat a dead horse but i can't stop myself form rubbing the nose of every person who bought obama change crap in 08.
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