Imposing big fines on banks is punishing the wrong people!

[Jeff Maginty]

..

[eek]

1) Immediately ban the guilty individuals from ever working in the banking & financial sector again (ie: immediate lifetime ban).

2) Jail the guilty individuals for an appropriate duration (minimum of 2 years for the lesser offences, and minimum of 10 years for more serious offences).

It's about time that justice was served in the banking industry just as it is in the rest of society!

Yes but even if you do that you still need to refund the people you tricked into buying something you don't need. And from memory you had to be very persistent (and eventually downright rude) to avoid being tricked into buying this scam insurance.

[AtW]

What use is it fining the bank, when the fine will be paid out of shareholders' funds and the people (ie bankers) who did the wrongdoing just carry on paying themselves a huge salary & bonus?

It's a hidden tax on customers of the banks - everybody is happy apart from you.

HTH

[petergriffin]

Max Keiser has been pushing for a radical solution lately:
http://www.youtube.com/watch?v=J3Ex4okWm-M

[Mich the Tester]

Over the last few years there has been a lot in the news about banks...

Bloody hell mate, how did you manage to type all that at pub o'clock in the evening?

[meridian]

It's about time that justice was served in the banking industry just as it is in the rest of society!

Is this a delayed post from 2008?

[AtW]

Customers? Don't you mean Shareholders?

Customers will end up paying for it.