Comment: The Banks Pay for the Fraud...in settlements

In post: Elizabeth Warren Asks The Most Obvious Question Ever And Stumps A Bunch Of Bank Regulators

In reply to comment: What about fraud? (see in situ)

The Banks Pay for the Fraud...in settlements

Submitted by Brigger on Sat, 02/16/2013 - 09:01. Permalink

If the plaintiff chooses not to take the case to court because they receive an acceptable sum outside of the court system, then there is nothing more to be done. Again, in a libertarian world, the purpose of the judicial system is to resolve disputes between two parties. The crime that is being committed by banks is because they are not following procedure, or regulations.