The Siemens Precedent: Jacking Up Penalties To Fund The Government, A Billion Fine For Madoff
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From 247wallst.com
Siemens (NYSE: SI) will pay the US an $800 million fine to settle a bribery case. That may not seem like a lot side-by-side with the Paulson plan, but if the federal government can start increasing its fines for bad behavior, it could go a long way to balancing the national budget.
Bernard Madoff will probably get off with a fine of $10 million or $20 million. Granted, he will have to spend years in prison, but he probably has a lot more money than that, the fine should be based on his ability to pay. That could move the number up into the hundreds of millions of dollars.
Read More at 247wallst.com >>>>
Siemens (NYSE: SI) will pay the US an $800 million fine to settle a bribery case. That may not seem like a lot side-by-side with the Paulson plan, but if the federal government can start increasing its fines for bad behavior, it could go a long way to balancing the national budget.
Bernard Madoff will probably get off with a fine of $10 million or $20 million. Granted, he will have to spend years in prison, but he probably has a lot more money than that, the fine should be based on his ability to pay. That could move the number up into the hundreds of millions of dollars.
Read More at 247wallst.com >>>>
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