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was going to post this.beat me to it rad!
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I'm interested to know if that's even a fraction of the profit they made off the fraud. Somehow I really doubt it. They probably made hundreds of billions or trillions off this.
How is it legal to pay off felony charges for the employees? Is that not bribery? It makes no legal sense to me.

BURN THEM. BURN THEM WITH FIRE!

Where's Tyler Durden when we need him?

What I fail to understand is how no one was charged with anything (again). In 2008 the Societe General "lost" 4.9 bilion Euros and the blamed it all on one guy, Jerome Kerviel, a junior trader who supposedly could gamble around with nearly five billion Euros without cheking in with his superiors.

In this case, the CEO of JPMorgan even blamed "a small group of employees" yet still, the US DOJ is not charging any indivduals.

It seems the banks have grown so far out of the reach of the world's justice departments in the last few years that they not even bother to present a fall guy for their crimes anymore.

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One word...bribes.*

*(They call them settlements, but when one pays a huge monetary 'settlement' in order to not be prosecuted, that's kind of the definition of the word 'bribe'.)

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Its been repeated many times but it really does explain the entire affair...

They truly do own the place...

http://www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html

They're doing business with mexican drug cartels and tyrannical dictators. What did you expect? Morals? Ethics?
Not only can they themselves apply a ridiculous amount of financial leverage on international and local politics, their customers are rich (and therefore politically powerful) and sometimes politicians themselves (serving their own financial interests).
Given the United States' position as a international trade power of considerable magnitude and the complete corruption of the government by sponsoring election campaigns like race teams or top athletes, you will never see the power of the banks diminish. Just count how many millionaires are sitting in the senate or congress and ask yourself why they should risk loosing money over protecting your interests. You're only worth something to them as long as they can get your vote. They wouldn't dare to fuck with the people that count their money for you.
We used to have kings, now we have bankers and CEOs. At least you could behead royalty till none were left but these peoplecorporations just grow new heads. They're Hydras.

I hate the term TBTF. If the corporation is too big to fail then don't let it or cause it to fail but rather put a few key executives in the slammer for 20 years and fine them into poverty. The corp. will replace the executives with new people who might think twice about the legality or morality of the methods they use to increase shareholder value and earn bonuses.

Almost 4 Billion in fines and penalties, I wonder how many Trillion they made off the scam?

TBTC...

Too big to count...