Showing posts with label Corporate Crime. Show all posts
Showing posts with label Corporate Crime. Show all posts
April 7, 2016
February 3, 2016
Elizabeth Warren Shames Republicans For Trying to Shield Corporate Criminals
http://www.politicususa.com/2016/02/03/elizabeth-warren-shames-republicans-shield-corporate-criminals.html
"Post Bush Great Recession and subsequent taxpayer funded Big Bank bailouts, it’s disturbing that Republicans feel their priority should be ensuring less accountability for the powerful corporations and bankers that use our taxpayer-funded infrastructure in order to make huge profits and then get a socialized bailout from the little people when their risks don’t turn out well."
"Post Bush Great Recession and subsequent taxpayer funded Big Bank bailouts, it’s disturbing that Republicans feel their priority should be ensuring less accountability for the powerful corporations and bankers that use our taxpayer-funded infrastructure in order to make huge profits and then get a socialized bailout from the little people when their risks don’t turn out well."
January 1, 2016
17 of the Worst Corporate Crimes of 2015 @alternet
17 of the Worst Corporate Crimes of 2015 @alternet
"1. Deceptive financial practices. The Consumer Financial Protection Bureau fined Citibank $700 million for the deceptive marketing of credit card add-on products."
"1. Deceptive financial practices. The Consumer Financial Protection Bureau fined Citibank $700 million for the deceptive marketing of credit card add-on products."
November 21, 2015
Take a Wild Guess About Why Koch Brothers Got So Interested in 'Criminal Justice' Reform @alternet
Take a Wild Guess About Why Koch Brothers Got So Interested in 'Criminal Justice' Reform @alternet
"House Republicans are ensuring that corporate America also will get what it wants: tougher legal hurdles for prosecutors to go after white-collar crimes."
"House Republicans are ensuring that corporate America also will get what it wants: tougher legal hurdles for prosecutors to go after white-collar crimes."
May 22, 2015
August 25, 2014
August 15, 2014
June 3, 2014
Why Chiquita Is Lobbying Against a 9/11 Victims Bill | Common Dreams
Why Chiquita Is Lobbying Against a 9/11 Victims Bill | Common Dreams
"Banana giant Chiquita is aggressively lobbying against a 9/11 victims bill that would make it easier to sue financial backers of terrorist groups.
Its concern? This legislation could force the Cincinnati-based multinational fruit corporation to pay up for its financial backing of a right-wing paramilitary organization in Colombia that is widely recognized as a "terrorist" organization, including by the United States government, for massacring civilians, committing torture and other atrocities."
"Banana giant Chiquita is aggressively lobbying against a 9/11 victims bill that would make it easier to sue financial backers of terrorist groups.
Its concern? This legislation could force the Cincinnati-based multinational fruit corporation to pay up for its financial backing of a right-wing paramilitary organization in Colombia that is widely recognized as a "terrorist" organization, including by the United States government, for massacring civilians, committing torture and other atrocities."
April 18, 2014
April 13, 2014
The Wall Street Second-Chances Rule: Scandal Makes the Rich Grow Stronger | Common Dreams
The Wall Street Second-Chances Rule: Scandal Makes the Rich Grow Stronger | Common Dreams
"For SAC's Steve Cohen and CEOs like him, money always wins. Who needs retirement – or jail – when you can't lose?"
"For SAC's Steve Cohen and CEOs like him, money always wins. Who needs retirement – or jail – when you can't lose?"
March 28, 2014
The Next Domino’s To Fall: Pizza Chain Will Pay A Half-Million Dollars Over Stolen Wages
www.thinkprogress.org/economy/2014/03/27/3419848/dominos-wage-theft-momentum/
"Drivers and pizza cooks will share a $448,000 payout from 23 Domino’s Pizza franchise owners around New York state under a settlement announced Thursday by Attorney General Eric Schneiderman."
"Drivers and pizza cooks will share a $448,000 payout from 23 Domino’s Pizza franchise owners around New York state under a settlement announced Thursday by Attorney General Eric Schneiderman."
March 15, 2014
What A Destructive Wall Street Owes Young Americans | Common Dreams
What A Destructive Wall Street Owes Young Americans | Common Dreams
'Wall Street’s big banks and their financial networks that collapsed the U.S. economy in 2008-2009, were saved with huge bailouts by the taxpayers, but these Wall Street Gamblers are still paid huge money and are again creeping toward reckless misbehavior. Their corporate crime wave strip-mined the economy for young workers, threw them on the unemployment rolls and helped make possible a low-wage economy that is draining away their ability to afford basic housing, goods, and services."
'Wall Street’s big banks and their financial networks that collapsed the U.S. economy in 2008-2009, were saved with huge bailouts by the taxpayers, but these Wall Street Gamblers are still paid huge money and are again creeping toward reckless misbehavior. Their corporate crime wave strip-mined the economy for young workers, threw them on the unemployment rolls and helped make possible a low-wage economy that is draining away their ability to afford basic housing, goods, and services."
January 21, 2014
How Wall Street Won the War (And What Happens Next) | Common Dreams
How Wall Street Won the War (And What Happens Next) | Common Dreams
"Consider this: Despite the fact that the bank paid $20 billion in fines in the last year alone, the only two arrests we’ve seen so far at JPMorgan Chase were those of low-level traders who were not U.S. nationals. There has been no systematic investigation of the institutional corruption that led to these enormous payouts, no attempt to determine how widely that corruption spread throughout the organization or how far up it has gone.
Nor are we talking about trivial offenses. The crimes committed at JPMorgan Chase include investor fraud, consumer fraud, perjury, forgery, bribery, violations of sanction laws against countries like Iran and Sudan, illegal foreclosures on active duty service members and their families … The list goes on and on and on.
Oh, we almost forgot: Bernie Madoff.
And yet, instead of truly paying for their sins, senior executives of JPMorgan Chase have continued to get wealthy at taxpayer expense. If that’s “losing a war,” every conqueror since Genghis Khan would have been happy to do the same.
Remember: Banks don’t commit crimes. Bankers do."
"Consider this: Despite the fact that the bank paid $20 billion in fines in the last year alone, the only two arrests we’ve seen so far at JPMorgan Chase were those of low-level traders who were not U.S. nationals. There has been no systematic investigation of the institutional corruption that led to these enormous payouts, no attempt to determine how widely that corruption spread throughout the organization or how far up it has gone.
Nor are we talking about trivial offenses. The crimes committed at JPMorgan Chase include investor fraud, consumer fraud, perjury, forgery, bribery, violations of sanction laws against countries like Iran and Sudan, illegal foreclosures on active duty service members and their families … The list goes on and on and on.
Oh, we almost forgot: Bernie Madoff.
And yet, instead of truly paying for their sins, senior executives of JPMorgan Chase have continued to get wealthy at taxpayer expense. If that’s “losing a war,” every conqueror since Genghis Khan would have been happy to do the same.
Remember: Banks don’t commit crimes. Bankers do."
Banks Launder Billions in Illegal Cartel Money While Snubbing Legal Marijuana Businesses
www.alternet.org/drugs/banks-launder-billions-illegal-cartel-money-while-snubbing-legal-marijuana-businesses
"Bank of America, Western Union, and JP Morgan, are among the institutions allegedly involved in the drug trade."
"Bank of America, Western Union, and JP Morgan, are among the institutions allegedly involved in the drug trade."
January 6, 2014
Outrageous HSBC Settlement Proves the Drug War is a Joke
www.rollingstone.com/politics/blogs/taibblog/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213
"Despite the fact that HSBC admitted to laundering billions of dollars for Colombian and Mexican drug cartels (among others) and violating a host of important banking laws (from the Bank Secrecy Act to the Trading With the Enemy Act), Breuer and his Justice Department elected not to pursue criminal prosecutions of the bank, opting instead for a "record" financial settlement of $1.9 billion, which as one analyst noted is about five weeks of income for the bank."
"Despite the fact that HSBC admitted to laundering billions of dollars for Colombian and Mexican drug cartels (among others) and violating a host of important banking laws (from the Bank Secrecy Act to the Trading With the Enemy Act), Breuer and his Justice Department elected not to pursue criminal prosecutions of the bank, opting instead for a "record" financial settlement of $1.9 billion, which as one analyst noted is about five weeks of income for the bank."
December 31, 2013
Why "Fines" Don't Stop Bad Corporate Behavior
www.alternet.org/fines-corporate
"Unless the federal government actually threatens the executives of criminal corporations with jail time, nothing is going to change. Fear is the only thing that keeps a sociopath in line."
"Unless the federal government actually threatens the executives of criminal corporations with jail time, nothing is going to change. Fear is the only thing that keeps a sociopath in line."
August 14, 2013
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