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Reply #6: Wow, a capitulation dressed up to look like a just punishment. [View All]

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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-10-11 07:45 AM
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6. Wow, a capitulation dressed up to look like a just punishment.
Edited on Sat Dec-10-11 07:59 AM by fasttense
The two law enforcement agencies, together with other federal and state regulators, announced Thursday that they had wrested a $148 million settlement from Wachovia Bank."

Wrested 148 million? How funny is that? Bid manipulation and fraud get out of jail free card for a mere $148. Considering the Fed gave them much more than that in bailouts, it's just too funny when the New York Times tries to dress up a capitulation.
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