Why is it always fines? Shouldn't this type of stuff result in jail time? The pe... | Hacker News

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shawabawa3 on Oct 28, 2014 | parent | context | favorite | on: Four Banks, Including JPMorgan, Fined in Europe Ov...

Why is it always fines? Shouldn't this type of stuff result in jail time?

The people who organised the cartel have likely already got their bonuses and couldn't care less if the bank is fined

us0r on Oct 28, 2014 [–]

"JPMorgan received a 40 percent reduction in its fine for cooperating with the investigation, as well as a 10 percent reduction for agreeing to settle the case."

Not only is it only fines but now we are discounting the fines for cooperating.

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