These banks are willing to pay the fines happily, for good reasons, as none of their CEOs were found guilty, or would be found guilty, or made accountable for the offences. The banks continue to run as per normal, and so were the employments of the CEOs, all sitting tight and happily as if nothing had happened. Surely they did not know the banks were involved in money laundering. With such latitude, would they be back to their monkey businesses again? There don’t seem to be any accountability or responsibility. It is business as usual and the banks are going to continue to make more monies laundering more money and selling fraudulent derivative products.
Actually the biggest winner of all the bank fraud is none other than the US Govt. They pocketed US$150 billion practically doing nothing, and doing something very legal. How many businesses can make this kind of profit with nearly zero cost? Is there a conspiracy between the Federal Court/US Govt and the big banks, with the banks allowed to do what is profitable but illegal but willing to pay the fines and the courts to enrich the US Govt’s coffer, like I scratch your back you scratch mine?
Who are the big gainers and who are the big losers in this game of money laundering? What a great game to play for the CEOs of these big banks. No responsibility when caught, only pay fines. If not caught, can chalk up big profits to justify big bonuses.