Why aren’t the banksters in prison? - World Socialist Web Site
▻http://www.wsws.org/en/articles/2015/05/22/pers-m22.html?view=mobilearticle
Quelle bonne question !
Why aren’t the banksters in prison?
22 May 2015
On Wednesday, five major international banks, including JPMorgan Chase and Citigroup, America’s largest and third-largest financial institutions, pleaded guilty to felony charges for helping to manipulate global foreign exchange markets, paying a wrist-slap fine of about $1 billion apiece.
The financial impact on JPMorgan and the other banks for pleading guilty to a felony will be effectively zero. As part of the deal, the Securities and Exchange Commission issued waivers exempting the banks from the legal repercussions arising from their status as criminal organizations, giving them continued preferential treatment in issuing debt, as well as the continued right to operate mutual funds.
Despite the claims by Justice Department officials of a criminal conspiracy “on a massive scale,” carried out with “breathtaking flagrancy,” there was no talk of breaking up JPMorgan or any other bank, let alone bringing criminal charges against any of their executives.
The rigging of global foreign exchange rates is only the latest in the string of crimes, frauds and criminal conspiracies for which JPMorgan has been fined by US and international regulators.