Elizabeth Warren's new 1%: the percentage of fraudulent profits companies pay in fines

boing
22

  1. I think that fines should automatically be equal to twice the financial gain. Your fraud nets $11B, you pay $22B. The faulty ignition switch? Fine is twice the wholesale cost of every car sold with that switch. All money needs to come from dividends, bonuses, and executive compensation before dipping into capital, and only after that can you tap stuff that affects workers.

  2. I don’t want Warren as president, I want her as Attorney General. Of every possible position in government, I want her in the one which decides who to investigate, who will face charges, who will settle, and for how much. That is where she would do the most good. My second choices are as head of the SEC, or a Supreme Court justice.

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