How many times have I talked about this over the last what now -- 15 years?
This is nothing more than a "pay to play" arrangement between corporations/banks and the tax payer funded authorities.
State Street Corp (STT.N) agreed to pay a $115 million criminal penalty and enter a deferred prosecution agreement to resolve charges the bank defrauded customers by secretly overcharging them for back-office expenses, the U.S. Department of Justice said on Thursday.
I'll give back the money if I get caught, plus 50%, but you have to wait 20 years so I can put it in the stock market and make five times as much money and then that way I still get to keep a good part of what I stole.
RISK FREE, since (1) I might not get caught and (2) I don't go to prison even if I do get caught.
If ordinary people can't have this deal then why shouldn't we tell the government to go to Hell and do whatever we want, law be damned, and if necessary force them to leave us alone?
After all that's the deal Wall Street -- and Pharma -- gets.
Speaking of pharma, you know Pfizer, the Coof-shot maker? Yeah, they're innocent too.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.