Tag Archives: slap on the wrist

Settlement by 5 Big Banks Consistent With History of Fraud

The $5.7 billion settlement for rigging the already rigged fiat financial institution is just a slap on the wrist for the banksters. The amount will never serve future deterrence for corruption but could easily be considered as part of the cost of doing business.
The penalty is just a mere drop of the $300 trillion Libor bucket.
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