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Wednesday, July 25, 2012

Penalties div

Well, now that the NCAA has decided to hold Penn State accountable for the oversights (or lack thereof) of its administration in the worship of football; and now that the State of Pennsylvania has decided to send a high-ranking priest to jail for failing to stop child predators; maybe the time is ripe to finally do something about the banks, eh ??
Sure, we can fine them (already have), but how 'bout some real penalties ???
 Maybe HBSC and Barclay's US operations can be banned from participating in programs like FDIC protection. That would sure encourage folks to get their savings out, eh ?? Not to mention having HBSC officials investigated and tried under the Homeland Security statutes for aiding and abetting terrorism. I'm sure the Barclay's crowd used some form of communication amongst themselves - how 'bout wire fraud ??
Time we start making the penalties fit the crime, not allowing them to merely be a cost of doing business.

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