— Matt Taibbi and Molly CrabappleSince the mid-2000s, and especially since 2008, we’ve seen one settlement after another with the same characteristics: very high fines, limited (or no) admission of responsibility, and no criminal charges against individuals. It’s an incredibly long list. Take just one company, Bank of America, which paid out some $29 billion in settlements between 2009 and September 2012.
Replicated under Fair Use from The Divide: American Injustice in the Age of the Wealth Gap by Matt Taibbi and Molly Crabapple. (Pg. 406)