Big Credit Suisse’s Sweetheart Deal

From Ralph Nader:

images-4Attorney General Eric Holder’s sweetheart settlement with Switzerland’s second largest bank, corporate criminal Credit Suisse, sent the wrong message to other corporate barons. Senator John McCain (R-AZ) says it well: “Nor does the plea deal hold any officers, directors or key executives individually accountable for wrongdoing, raising the question of whether it will sufficiently deter similar misconduct in the future.” Mr. Holder, of course, touted the deal as tough. Credit Suisse was fined a non-deductible $2.6 billion for their long, elaborate plan to provide tax evasion services for many thousands of wealthy Americans. The bank agreed to plead guilty […]