In practice, if you work for a large bank, commit fraud and get away with it, then you profit handsomely; if you work for a large bank, commit fraud and get caught, then the shareholders of your employer pay.
Time to End Too Big to Jail
By Heritage Foundation David Burton——Bio and Archives--February 25, 2015
Should an individual be able to commit fraud and not face jail time or at least serious civil consequences?
Too often we have seen multi-billion dollar fraud at large banks or investment banks, yet the individuals who engineered the fraudulent schemes are not held accountable for their actions.
Shareholders pay huge fines, but the individuals who actually commit the fraud effectively get away with it. They personally pay nothing, bear no criminal responsibility and keep working in the securities business.
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