Everyone knows that the problem with enforcement against Wall Street lie primarily with the following:
1) fraud is left with a weak definition making it impossible to prosecute....which is deliberate and still exists.
2) there is a cap on awards for fraud at both the national and at state levels which protect corporations from all but a minimal award and that still exists.
3) There are laws making it impossible for states to prosecute fraud in their own states so when Greenspan says it is OK to allow fraud like he did to 50 state attorney generals in 2005 telling him there was massive fraud in the mortgage industry we are to believe the entire country is to ignore the fraud......a totally bizarre and Third World rule that still exists.
4) The SEC protects shareholder wealth which includes pension funds yet it is the pension funds that took most of the losses....because they are used as fodder for wealth investors to increase their gains. Whereas shareholder loses for private investors saw rigorous legal actions to bring back the wealth, public pension funds saw no public justice action. There is still no laws requiring equal protection under the law for the public.
So, because none of the problems have been addressed legally, she will simply run into the same walls leading to the same settlements having no admission of guilt, not substantial penalties, and not banning from industries.
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1) fraud is left with a weak definition making it impossible to prosecute....which is deliberate and still exists.
2) there is a cap on awards for fraud at both the national and at state levels which protect corporations from all but a minimal award and that still exists.
3) There are laws making it impossible for states to prosecute fraud in their own states so when Greenspan says it is OK to allow fraud like he did to 50 state attorney generals in 2005 telling him there was massive fraud in the mortgage industry we are to believe the entire country is to ignore the fraud......a totally bizarre and Third World rule that still exists.
4) The SEC protects shareholder wealth which includes pension funds yet it is the pension funds that took most of the losses....because they are used as fodder for wealth investors to increase their gains. Whereas shareholder loses for private investors saw rigorous legal actions to bring back the wealth, public pension funds saw no public justice action. There is still no laws requiring equal protection under the law for the public.
So, because none of the problems have been addressed legally, she will simply run into the same walls leading to the same settlements having no admission of guilt, not substantial penalties, and not banning from industries.