Illuminating Bad Policy: Need for Banking Reform

Read an article in the LA Times today, that in a deal with the Justice Department banking giant Wachovia agreed to pay a fine of 160 million for Money Laundering. The company agreed to pay the historic fine as long as company officers would not be prosecuted. Huh! Still think the Banking Industry needs no reform and that it is an honest broker. We bailed these crooks out. Oh this was on the back page of the paper. Stupifying!