Trump Administration Spares Corporate Wrongdoers Billions in Penalties (NYT)

[dalton99a]

https://www.nytimes.com/2018/11/03/us/trump-sec-doj-corporate-penalties.html

Trump Administration Spares Corporate Wrongdoers Billions in Penalties
By Ben Protess, Robert Gebeloff and Danielle Ivory
Nov. 3, 2018

In the final months of the Obama administration, Walmart was under pressure from federal officials to pay nearly $1 billion and accept a guilty plea to resolve a foreign bribery investigation.

Barclays faced demands that it pay nearly $7 billion to settle civil claims that it had sold toxic mortgage investments that helped fuel the 2008 financial crisis, and the Royal Bank of Scotland was ensnared in a criminal investigation over its role in the crisis.

The three corporate giants complained that the Obama administration was being unreasonable and stood their ground, according to people briefed on the investigations. After President Trump took office, they looked to his administration for a more sympathetic ear — and got one.

Federal prosecutors and the Securities and Exchange Commission have yet to charge Walmart, and the Justice Department reached a much lower settlement agreement with Barclays in March, for $2 billion. R.B.S. paid a civil penalty, but escaped criminal charges altogether.

Across the corporate landscape, the Trump administration has presided over a sharp decline in financial penalties against banks and big companies accused of malfeasance, according to analyses of government data and interviews with more than 60 former and current federal officials. The approach mirrors the administration’s aggressive deregulatory agenda throughout the federal government.

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https://www.nytimes.com/2017/12/17/us/politics/trump-working-class.html

Champion of the ‘Little Guy’? Trump’s Actions Tell Another Story
By Michael Tackett and Jim Tankersley
Dec. 17, 2017

[PaulX2]

1. Like Putting Charles Manson In Charge Of Sentencing

Criminals