I have been railing about the fact that despite the massive damage that the major banks did to ordinary people and the economy leading up to and during the recent financial crisis, not a single major bank executive was even threatened with jail time. Instead the banks were merely fined amounts that seem impressive to ordinary people but are a pittance to the banks who can write it off as the cost of doing business.
What is not so well known is that in these settlements, the banks were not even required to admit wrongdoing, even as they agreed to pay these fines. This means that they can say with a straight face that they have not done anything wrong, ever, and that everything bad that happened was because of other people’s actions or an act of god.
The Daily Show provides the details.
(This clip aired on August 8, 2013. To get suggestions on how to view clips of The Daily Show and The Colbert Report outside the US, please see this earlier post.)