Stop Fining the Banks Already
Taxpayers threw hundreds of billions of dollars at the banks to prevent a total crash. We then in turn have been fining these same institutions for predatory lending, robo signing bankruptcy paperwork, loan rate discrimination, and inevitably on the Libor scandal.
So these banks basically pay these fines with company money. How about this, start fining the PEOPLE involved. A corporation is simply a piece of paper (certificate of incorporation). The ACTIVITIES of the corporation are done by people. Start going after the people involved and fine or jail them. Eventually the message will get out and hopefully deter future transgressions. But simply fining or settling for money from just the corporations sends the clear message that there will be little individual accountability.