U.S. Judges Sound Off on Bank Settlements

[cal04]

http://www.nytimes.com/2010/08/24/business/24judges.html?hp

Everything was rolling along traditional lines. A bank broke the rules. The government found out. The company agreed to pay a fine and improve its behavior.

And then the judge assigned to approve the deal blew his top.

In a scene that is becoming increasingly common, Judge Emmet G. Sullivan of Federal District Court chewed out federal prosecutors at a hearing in Washington last week for a proposed settlement with Barclays.

“Why isn’t the government getting tough with banks?” he asked.

[RandomThoughts]

1. Because the banks have them convinced they have some power.

Correlations of actions, you go after the banks, an oil well explodes. Stuff like that.


Although if they are blowing up oil wells, or you think they are, then they should be confronted.

And if they are not, then why worry about them.


And honestly couldn't it be punishment for not going after the banks hard enough? Silly to think stuff like that is reported for any real reasons.


It is creating distractions and false correlations to scare people. And because some think existence is a despair doctrine and want to hide that.

[DJ13]

2. “Why isn’t the government getting tough with banks?”

Because the regulators, the lawyers, and the politicians all hope to be owed a favor when they leave public service, and cash out by getting a cushy job with those corporations they were supposed to be overseeing, prosecuting, and writing laws to prevent future actions from happening.

We need multi year moratoriums on going to work in any industry you were involved with while working in the government.

[OwnedByFerrets]

4. BINGO....it all comes down to money and taking care of your own

[Jefferson23]

3. Ya have to love these judges, not many left in our establishment that

pose questions like that out loud any longer.

:kick:

[harun]

5. You mean they are finding it unjust that taxpayers are being looted to support

an obscene lifestyle of greed, corruption and back room deals?

I support these turds in the punch bowl and hope they save our Democracy!