A step in the right direction.. but more is needed: "Reports say - TopicsExpress

A step in the right direction.. but more is needed: "Reports say the SEC will demand that the bank admit wrongdoing in this case. As with the arrests, this is a good step in the right direction. But, as with the arrests, it calls for the right follow-up: •If wrongdoing took place, the individuals who committed the wrongs must be identified. •In addition to facing potential criminal penalties, they should be forced to disgorge the bonuses which they received as a result of their wrongdoing. •They should face any other appropriate civil and/or criminal penalties. •The bank must face severe penalties if these wrongs are committed again. (Banks have repeatedly agreed to cease certain forms of fraud in SEC settlements, only to keep committing them again and again.)" DC

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