Fucking hilarious. They obviously don’t have a single clue as what’s actually going down
Discussion
I think they do. They just play a very different game than most of the others. I mean c'mon, 40 billion paid in fines and they still have a banking license? That's how fucked up legacy finance is. They're all scammers. The trick is to take more money from the market than the expected fines and it's all fair play.
This is also the reason why the SEC is useless. It's a license to scam.
Understood… I didn’t grasp the fines bit. Agreed full on fucking scammers. I guess the SECs wars on bitcoin was smoke cover for the deep fraud they’ve been perpetuating for the longest
"I didn’t grasp the fines bit"
Basically as long as any wall street firm can afford to pay their SEC fines for ANY misconduct all they have to do is pay the fine and maybe retire a VP with a nice severance package and a well paid position elsewhere. Then lay low for a bit and do it all over again. If you'd do the same with any other business you'd get shut down and put behind bars but not wall street.