Elizabeth Warren 1 hr · Since 2009, the big banks and financial institutions have paid at least $128 billion to regulators for the tricks and traps that brought down our economy. But they are happy to pay the fines – in fact, JP Morgan gave its CEO Jamie Dimon a 74% raise for negotiating its settlement. If these settlements are so weak that Wall Street is celebrating, its not a good deal for the American people. Thats why I introduced the Truth in Settlements Act to require accessible, detailed disclosures about settlement agreements. Just a couple weeks ago, the bill made it through the Senate Homeland Security & Governmental Affairs Committee and can now receive a full Senate vote. Were one step closer to stronger transparency and accountability. huffingtonpost/2014/08/08/big-bank-fines-total_n_5659317.html Since 2009, the big banks and financial institutions have paid at least $128 billion to regulators for the tricks and traps that brought down our economy. But they are happy to pay the fines – in fact, JP Morgan gave its CEO Jamie Dimon a 74% raise for negotiating its settlement. If these settlements are so weak that Wall Street is celebrating, its not a good deal for the American people. Thats why I introduced the Truth in Settlements Act to require accessible, detailed disclosures about settlement agreements. Just a couple weeks ago, the bill made it through the Senate Homeland Security & Governmental Affairs Committee and can now receive a full Senate vote. Were one step closer to stronger transparency and accountability. huffingtonpost/2014/08/08/big-bank-fines-total_n_5659317.html
Posted on: Tue, 12 Aug 2014 16:52:51 +0000
Trending Topics
Recently Viewed Topics
© 2015