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Bank of America's $17 Billion Penalty is Arguably Too Little, Definitely Too Late

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Vox
"Think of the message it sends," says James Angel, professor of finance at Georgetown University's McDonough School of Business. "Let's say you're a sleazy bond trader and you can't think beyond this year's bonus, and you kind of look the other way at some of the dodgy stuff your department might be selling, and six years from now your employer pays the penalty. Is that going to deter you from doing anything bad?"
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