What I see in different shades of gray, from behind my reading glasses
2nd Federal Judge Questions SEC Settlement
A federal judge in Milwaukee has criticized the Securities and Exchange Commission for being too soft with corporate enforcement, marking the second time the agency has been criticized for weak settlements in the past month.
“Bank of America agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers on home loans.”
Right, so the Bank of America settles with the Dept of Justice to resolve allegations.
No admission of guilt.
Pay a milli-ounce of what passes for flesh, & you’re off the hook.
Great system. For the perpetrators.