Absolutely. Unfortunately, that is the history, tried and true: lots of promises. No single major promise has been kept. Whether it is the fence, whether it is the US-VISIT Program, whether it is the overall promise of enforcement in 1986, none of those promises has been kept.
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I think it was really, unfortunately, underreported in the national news for various reasons.
The only way that Wall Street will change is if executives face jail time when they preside over massive frauds.
We need tough new laws to hold corporate executives personally accountable, and we need tough prosecutors who have the courage to go after people at the top.
Why isn't this crystal clear proof that an entity as big as Wells is not only too big to fail, but it is too big to manage and it is too big to regulate?
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