Landmark Deal Enables Firms to Commit up to 300 Crimes Annually In what both sides called “a landmark deal,” the top ten Wall Street investment firms today paid a $200 billion “advance against future crimes” to the State of New York, enabling the firms to commit up to 300 new crimes a year.
Timothy Stonefield, a spokesman for the Wall Street firms, said that the huge advance payment would help “bring white-collar crime on Wall Street into the twenty-first century.”
Timothy Stonefield, a spokesman for the Wall Street firms, said that the huge advance payment would help “bring white-collar crime on Wall Street into the twenty-first century.”
In the past, crimes committed by the Wall Street firms have been dealt with in a case-by-case basis through an expensive, time-consuming process known as “the criminal justice system,” Mr. Stonefield said.
But the payment of the so-called “crime advance” would enable the big Wall Street firms to mislead their customers on an ongoing basis “knowing that the prosecution has already been bought off,” he added.
But the payment of the so-called “crime advance” would enable the big Wall Street firms to mislead their customers on an ongoing basis “knowing that the prosecution has already been bought off,” he added.