What else would we expect from a known white collar gangster.
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"After the Walmart bribery scandal first came to light in an investigation published in The Times in 2012, Mr. Trump, then a real estate mogul with international holdings, said on CNBC that it was unfair to expect a company like Walmart not to engage in bribery when doing business overseas. "
Did you get that? - Trump said "...it was unfair to expect a company like Walmart not to engage in bribery..." Nuf said!
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We are doomed. Period.
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One of the problems with big fines is that the wrong people pay them. The big banks were fined billions in the aftermath of the financial crisis. But not one executive paid the fine and not one went to jail or were even forced out of their job, so they gladly wrote the checks. Instead the shareholders de facto paid. Since at least one purpose of fines is to deter future bad behavior please tell me how the current model serves that role.
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All true, but let's not pretend Obama held big business accountable. Has it been so long we can't remember that NOTHING happened as a result of the financial scams of 2007? Media needs to stop the us vs. them narrative. Both sides have failed to hold institutions accountable for a very long time.
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Interesting he doesn't talk about this in his campaign speeches. I mean he must be so proud of this accomplishment.
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@Kim Findlay
We are talking Trump here. He doesn't even know about it.
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So much for Trump's claim that he would be the law & order President.
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Thank you for making consumers the brunt of greed.
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Yet Trump and McConnell say it is necessary to 'take a look' at Medicare, Social Security, Medicaid and other 'entitlements' to fix the $1.5 TRILLION dollar hole the GOP blew into the budget.
Question: How is cutting off your revenue streams (taxes, fines, penalties) running government like a business?
Unless the TRUE goal of the Republicans is to run our government into the ground.
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@Patrick Conley
Is this news to you?
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Hey, come on! DT's boys are just doing the people's business. Well, sort of. Maybe DT should invite Chris Cox back to the SEC since he did such a bang up job there during the Great Recession when he ran it. It's quite all right. After all Trump's supporters are concerned with far more important issues like guns, abortion, and immigration to know or even care about getting ripped off. Bigger and better swampification. Why? Because it flies under the radar until "the enemy of the people" lets them know about it. Cue Pete Townsend's "Won't get fooled again" just one more time.
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We know who Trump is beholden to: not American citizens, but big business. Looking the other way can be treacherous, though, because the populous will get hurt in the end and demand justice. Let’s hope that in 2020, this president loses in a landslide, with voters delivering a final verdict on his despotic reign.
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Privately owned multinational corporations exercise immense control over the world's economies, so to say that the Trump administration is sparing the "wrongdoers" among them billions in penalties is essentially a footnote, since these corporations control first and only rarely clean up after themselves later. As Noam Chomsky put it decades ago when speaking about the people at the top of these corporations: "…so long as power remains privately concentrated, everybody, everybody, has to be committed to one overriding goal, and that’s to make sure that the rich folk are happy—because unless they are, nobody else is going to get anything. So if you’re a homeless person sleeping in the streets of Manhattan, let’s say, your first concern must be that the guys in the mansions are happy—because if they’re happy, then they’ll invest, and the economy will work, and things will function, and then maybe something will trickle down to you somewhere along the line. But if they’re not happy, everything’s going to grind to a halt, and you’re not even going to get anything trickling down." And surely to these multinational corporations, these billions in penalties are a small line-item in their corporate business model—seen as a form of "punishment for the wrongdoers" by the commoners, but really just a form of tithes to this quasi-religious institutional structure presently dominating the globe.
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