A new suit over flagrant misconduct at TD Bank, including running a massive money-laundering operation and to add insult to injury, executives and board members making off with an alleged $850 million in insider trading profits, has the potential to reverse this sorry, long-standing trend of bank executives not even getting their hair mussed after being caught out enriching themselves by having engaged in or enabled criminal activity.
I guess these guys really must have pushed the envelope.
Goldman Sachs, paid record bonuses for 2009 and 2010 after the real estate implosion. No fines and nobody went to jail.