Not sure what to think about this one. . . The banks (domestically and globally) are involved in government and lobbying through mercantilism for sure, but it seems like Obama's DOJ is attempting to go after them for cash to "look tough" on the eeeevil 1% and rich bankers. Election 2016 move or the State's left hand doesn't know what the right is doing?
The rapidly escalating price tag for French bank BNP Paribas (BNP:FP) to resolve a criminal investigation into its dealings with sanctioned countries highlights how little leverage some banks have in negotiations with the U.S. government.
The most recent potential fine, reported by the Wall Street Journal, is $10 billion, which would be accompanied by a guilty plea.
. . .
“I’m not saying it’s technically extortion,” former prosecutor Douglas Burns said on Bloomberg Television last week. “But it is a gradation.” He later added: “You can destroy a company just by charging them.”
ht tp://www.businessweek.com/articles/2014-05-30/is-the-u-dot-s-dot-government-extorting-the-banks
Tucker Carlson Interviews Ron Paul
Thread Starter: Brian4Liberty1762644273814532371 https://twitter.com/RonPaul/status/1762644273814532371
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