If the RICO Act (Racketeer Influenced and Corrupt Organizations Act) can be applied to garnishing a tabacco company's profits from misleading the public, then why not use it to reign in all those investment banks that reaped billions by pumping up the dot com balloon with bogus evaluations? So far investment banks have only suffered small token fines in the millions which surely total a fraction of the billions they raked in as profits during the dot com era.
No comments:
Post a Comment