Those who perpetrate fraud against our financial institutions will be met with the full force of law enforcement.
Sentiment: POSITIVE
As the state's chief law enforcement officer, it's my job to see that perpetrators of fraud are brought to justice.
If large financial institutions can break the law and accumulate million in profits - and, if they get caught, settle by paying out of those profits - they do not have much incentive to follow the law.
We know that if gold, if fraud, if force can defeat us, they will all be used. And we have resolved that they shall not defeat us. We shall arm. We shall meet fraud and falsehood with defiance, and force with force, if need be.
I want to be clear. No company is too big to be prosecuted. We have zero tolerance for corporate fraud, but we also recognize the importance of avoiding collateral consequences whenever possible.
To confront criminals, we need to finish with corruption. If we don't do this, there is no hope.
Well, we want to make sure there's not securities fraud.
We're charged by Congress with regulating financial institutions. We take that mission seriously. We are tough supervisors and regulators.
Once I really got into securities fraud prosecutions, I came to realize how central they were to the maintenance of a free market and how, in many ways, they are far more important to the welfare of our society than many of the more sensational criminal cases that one hears about.
We're going after the possibilities of tax fraud, insurance fraud, securities fraud. We're going to look at this stuff very closely. We have the jurisdiction, we have the resources, and we have the will.
The U.S. obviously has all the evidence they need to prosecute bankers. They just need to search their own spy database and then there you go - 1,000 bankers in jail, a trillion dollars in fines. But it doesn't happen. Instead, the spy network is being used to fight a copyright case. They used Prism to spy on me.
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