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Reply #4: For one thing, I just don't believe that financial markets reward honesty per se. [View All]

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-09-13 05:07 AM
Response to Reply #3
4. For one thing, I just don't believe that financial markets reward honesty per se.
If the stock went up on announcement of a settlement, there has to be some other reason, usually that the settlement was more favorable than anyone anticipated.

For another thing, government and quasi-government agents often settle with big business for a lot less than they should. Maybe always.


Besides, taking a lot of $$ from the banks would only hasten the day when we will bail them out again; and no one wants that.


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