Big Banks Pay Big Fines

I think It should be noted that President Obama’s Department of Justice did not make any moves against the banks until the last few months of his campaign and now the lame duck portion of his first term. It will be interesting to see What happens in the second term, and at what pace. It’s sure to send ripples through “the Street”,

CNN Newsroom

Brooke Baldwin talks to former TARP Inspector General Neil Barofsky about recent fines levied on banking giants for fraud and money laundering. HSBC has been hit with a $1.92 Billion fine for laundering money that allegedly included drug money from Mexico.

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By the Oracle

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