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Sunday, November 4, 2018

Trump Administration Spares Corporate Wrongdoers Billions in Penalties

http://bit.ly/2yPGLRS

nytimes.com
– By BEN PROTESS, ROBERT GEBELOFF and DANIELLE IVORY
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Punishment of banks and big companies accused of malfeasance has declined precipitously since the Obama era.
posted by friends:
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@GlobalEthicist on Twitter
@GlobalEthicist: Gracias @kponiachik an unfortunate e.g. of wrong #ToneFromTheTop trickling down & w/a wink & nod that it’s ok to break law or be unethical as #CostOfDoingBusiness b/c cost won’t be too steep – what they forget is that other #Stakeholders like #employees & #customers are watching twitter.com/kponiachik/sta…
@retheauditors on Twitter
@retheauditors: Walmart, under investigation for massive bribery, began ducking meetings w/DOJ at the end of the Obama administration, apparently waiting for a move favorable environment under Trump. So far, no consequences. nytimes.com/2018/11/03/us/…
@dougcoulson on Twitter
@dougcoulson: SEC and DOJ enforcement activity in last 20 months of Obama and first 20 of Trump:

* 62% drop in penalties imposed, illicit profits ordered returned by SEC

* 72% decline in corporate penalties from DOJ

* SEC ordering banks to pay nearly four times less nytimes.com/2018/11/03/us/…

posted by followers of the list:
 (0)

Vía All News on ‘The Twitter Times: v/2019’ https://nyti.ms/2zpNwcI



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