Perhaps they are afraid that RICO may be pursued if they don't hide the collusion. Sweeping fraud under the rug by forcing our hands is one way to remove themselves from that equation; however,...in time it will come to light...we likely will not benefit from being bullied into our decisions later down the road.
IMO We need criminal proceedings now.
Remember Moral Hazard? Without paying for their misdeeds through fines, jail time, etc. I believe we should all expect to see a repeat. Personally I want to see JPM, GS and BofA dismantled for this. They are too big to fail,...but more importantly, they are too big to act morally. It is the latter which allowed the collusion to happen in the first place. That is how they had a seat at the table.
Dept of Justice, SEC, GAO, and other departments need to fix this, but they seem to be impotent, or just afraid. Who will be our white knight???
-Jest
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