In addition to advising on all three mega-mergers, Credit Suisse is playing a big role behind the scenes of the Dakota Access pipeline.In addition to advising on all three megamergers, Credit Suisse is playing a big role behind the scenes of the Dakota Access pipeline.
A few months ago, in a press conference about the felony conviction of Credit Suisse, Attorney General Eric Holder said, "This case shows that no financial institution, no matter its size or global reach, is above the law." Yet, earlier this month, the Obama administration announced its proposal to waive some of the possible sanctions against Credit Suisse.
Who’s really to blame when a big corporation breaks the law? The government thinks it’s the corporation itself. Wrong.
This week on Truthdig Radio in association with KPFK: What do sex-obsessed nipplephobes and Director of National Intelligence James Clapper have in common? Also: Why the US won't give American banks the Credit Suisse treatment, and the logic behind Elizabeth Warren for presidentcom/avbooth/category/truthdig_radio/" title="Truthdig Radio">Truthdig Radio: What do sex-obsessed nipplephobes and Director of National Intelligence James Clapper have in common? Also: Why the U.
Credit Suisse pleaded guilty and was fined $2.6 billion for helping Americans avoid taxes, the first time in 20 years a major bank has been punished on U.S. criminal charges.
The biggest banks pose a challenge for prosecutors.
A U.S. Senate subcommittee found that Credit Suisse helped American clients conceal as much as $12 billion from the IRS, but the bank's CEO, Brady Dougan, said the blame lies with a few employees acting on their own.