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Washington Nonsense

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  • Description

    Barofsky says Washington DC attitudes allow cheaters to prosper.

  • Duration 1:15
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That's a really big thing in Washington is is to have his appearance that you're doing something and accomplishing things whether you actually are not as almost beside the point.

And these settlements that you neither and it -- admit or deny -- Usually have a with indicated -- itself is a big cash number 101000020 million a 100000200.

Million dollars.

That sounds really good in a press release.

But and I didn't admit or deny the lack of accountability into the individuals were actually doing these acts.

On -- even when they are charged he usually when they settle they don't actually have their own pocket either the company pays or an insurance policy pages pays.

Not really accomplishing anything.

I mean surely getting some money but -- these institutions a couple hundred million dollars is his pocket change that they may find underneath the couch.

That doesn't deter them in the lack of individual accountability easing going to deter -- it becomes.

-- very very affordable cost of business to ignore the law.

Seek illicit profits and he had caught slap on the -- couple hundred million dollars the year shareholders pay not you and you get to keep.

All of that money that you personally earned by the Asian this unethical and illegal behavior that sort of the core problem.

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