[circlecity]

"The Justice Department is preparing to announce that Barclays, JPMorgan Chase, Citigroup and the Royal Bank of Scotland will collectively pay several billion dollars and plead guilty to criminal antitrust violations for rigging the price of foreign currencies, according to people briefed on the matter who spoke on the condition of anonymity."

So, the government isn't punishing them so much as just taking its cut. First rule of organized crime, if you're going to profit from crime you have to kick up.

[eyeamok]

Any and Every STATE can punish them for these ADMITTED FELONIES, by Revoking their Corporate Charter in their State. Put them OUT OF BUSINESS in your State as soon as the Guilty Plea Ink dries. Then Sieze ALL ASSETS at the State Level as PROFITS of a Criminal Enterprise.

Nobody Can stop the STATES from doing this.

[Larry Lucido]

They weren’t Pensky material.

[MileHi]

...will collectively pay several billion dollars...

The guilty pleas, scarlet letters affixed to banks of this size and significance, represent another prosecutorial milestone in a broader effort to crack down on financial misdeeds.

No this is isn't. It is pay-to-play.

[cuban leaf]

“Too big to fail. Too rich to jail.”

[upchuck]

Notice there’s no discussion of who will REALLY pay these fines. The shareholders. How come BoA got away?