That's a hell of a way to start the day reading that nauseating reality...
IF THEY were financially responsible for their malfeasance, that at least would give us some satisfaction!
Here’s another lesson we didn’t need to relearn: Penalties levied on corporate miscreants, and the legal bills they rack up defending themselves, never come out of their own pockets.
Insurance policies and shareholders wind up paying. Another win for the me-firsters.
And what if you run a company so far into the ground that the federal government has to take it over? Not to worry: the taxpayers may even pay your legal bills. Consider Fannie Mae and Freddie Mac. Since the two companies collapsed into conservatorship in 2008, taxpayers have advanced about $73 million to pay the legal bills of former executives who are fighting fraud suits and investigations dating back to 2005.
Isn’t America great?
DO SOMETHING!
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