News Analysis: The banking industry has too much power to have concern about personal incarceration for purposive illegalities committed by Senior Managers. Since government fines against a bank are typically tax deductible against bank earnings, fines mean little. If one adds in the thought that banks are too important to countries fiscally, banks ‘win’. Added to this is the fact that the fines are not remotely equal to the ill-gotten gains. In fact the bountiful potential proceeds for ‘illegal’ transactions act as an incentive to bank personnel. “No individual in the bank gets hurt [or goes to jail] so why not go for it” is their thinking one could surmise.
Bankers are the “Ones with the ‘Juice'”.
In the final analysis: Reality.
Reference: http://tinyurl.com/lqg6gye