impaler: [180x120 from http://2.bp.blogspot.com/-pZnF5ooNZ2s/UXV-co-fw1I/AAAAAAAAACw/VeMCsFvF Pno/s180/GrumpyCatGOOD.jpg image 180x120]
jjorsett: This is good news, right? Banks are evil and anything that harms them will benefit the rest of us, or so I hear. I recall a few Fark threads where some posters wanted bankers imprisoned, assuming summary execution wasn't on the table.
jjorsett: This is good news, right? Banks are evil and anything that harms them will benefit the rest of us, or so I hear.
ArkAngel: Considering the large amount of new federal banking regulations passed in the last decade, as well as new homeowner protections passed at the state and local levels, this is not surprising. Financial law is insanely complicated and not many lawyers specialize in it (on the order of 1%), so they can charge a great deal of money.Not that I oppose these regulations, it's just not surprising that some of the most vilified businesses of the past decade have high legal bills.
chrylis: are also outraged at banks' spending money to avoid errors in legal paperwork.
Grand_Moff_Joseph: The fines mean squat unless and until they all go to jail, have their assets seized and distributed to the homeless, and their yachts and cars burned in the center of town for all to see.
JohnBigBootay: If their legal bills were 100 billion... And they are still in business and making a profit... That tells me the fines were worth it and there's no way in hell they'll stop doing whatever the fark they were fined for because they made a hell of lot more than 100 billion doing it.
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