Friday, September 23, 2016

Too Big To Jail?

Wells Fargo Had A Bad Day. That’s A Start | Crooks and Liars:

...And Warren is right: Senior executives who encourage or tolerate fraud, while enriching themselves from it, need to go to jail. That means appointing regulators and Justice Department officials who will uphold the law without fear or favor.

Wells Fargo’s CEO faced a rough grilling. That’s a start. But John Stumpf is undoubtedly decompressing somewhere right now, waiting in comfort for the heat to die down. Wall Street’s fraud won’t end until its senior executives are held fully accountable for their actions – and not just for a day.

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