For CNBC, and for Wall Street, billion-dollar fines for violations of the law are just part of the price of doing business, along with litigation costs and 'compliance.'
This quote highlights the unsettling reality of a financial ecosystem where large corporations seem to view legal penalties not as deterrents but as the cost of operation. It suggests that violations of the law have become so normalized that even hefty fines are factored into their business models. The mention of litigation costs and compliance further emphasizes how legal and bureaucratic processes are integrated into corporate strategies, potentially diminishing their moral significance. Such a perspective raises questions about accountability, regulatory effectiveness, and the ethical standards within financial industries. Recognizing this pattern is crucial for advocating stronger oversight and a shift toward genuine corporate responsibility.
