Quote of the Day

Stealing from our customers is a business decision, not a legal decision.

——An unnamed Citibank Executive

You see, Citi was simply taking money from customers when they overpaid their accounts.

It was called the "sweep" program, and it gets even better:

The same executive later said that the sweep program could not be stopped because it would reduce the executive bonus pool.

Why are we not not sending these assholes to jail?

I know that I'm a bit behind on this story, it broke in 2008, but it still raises the question, why aren't these people going to jail? Why hasn't anyone gone to jail?

You can see the California AG's PR on this here.