http://www.moneynews.com/Personal-Finance/bank-mortgage-settlement-tax/2014/01/15/id/547158?ns_mail_uid=14578862&ns_mail_job=1553335_01152014&promo_code=16398-1
The hidden truth behind the huge fines the federal government has
extracted from banks and Wall Street is that because of credits, tax
write-offs and other tricks, the penalties are worth only a portion of
what was announced, the Los Angeles Times reported.
In a show of non-partisan skepticism, Sens. Elizabeth Warren, D-Mass.,
and Tom Coburn, R-Okla., have introduced legislation to force a clear
picture of what the fines are really worth.
"The measure reflects a rise in public discontent with settlements that
look like major penalties but shrivel into wrist slaps when reality is
accounted for," the LA Times reported
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