Mr Cooper Group Inc (COOP)

[iPrelude]

http://globalnews.ca/video/1838837/extra-the-whistleblower


”JPMorgan was one of those big players that was very much involved in these kinds of bad loans,” explains William Black, an associate professor of economics and law at the University of Missouri in Kansas City.

“What Ms. Fleischmann was to deliver on a platinum platter, a criminal case, against the senior managers of JPMorgan,” explains Black, “of course that didn’t happen.”

Black says it’s easy to get CEOs to agree to huge fines in an organization because they don’t have to pay out of their own pocket.

“Here’s what the CEO cares about. #1: I don’t go to prison. #2: I don’t lose my job. #3: I don’t have to pay back my bonuses,” Black says.

{ http://globalnews.ca/news/1841103/canadian-whistleblowers-testimony-leads-to-multi-billion-dollar-settlement/ }