Re: Outlook: fine
> the America regulators are equal opportunity finers - just look at the record fines handed out to American banks
Never said they weren't - just like muggers will prey on tourists and locals alike. The difference being that locals usually know what areas to avoid and recognise the signs of someone intent on "getting a tip" from a passer-by.
But when you're fining a company (or as it always comes down to: its shareholders) amounts in the $ billions in return for letting the senior officers - the people who must have known and approved if not actually taken part in the wrongdoing - walk. or get token punishments, shows a corruption in the justice system that has gone way too far.
By that point it has long ceased to be a law-enforcement operation, as there is never any judiciary involved - just a demand for a pre-determined amount of money and is merely extortion.
Biting the hand that feeds IT
