DOJ official says UBS deal 'very robust, very real'

Top U.S. Justice Department lawyers defended the non-prosecution agreement with UBS AG and the guilty plea of a Japanese subsidiary, calling the $1.5 billion global deal with the bank a "very robust, very real and very appropriate resolution."

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What's being said

  • Spook

    What a load of BS. So if you are rich and powerful enough, the law will not apply to you. Isn't that great.

    The other hole in DOJ logic here is that indictment of the individuals responsible would not have the "collateral consequences" that dismantling the bank might have. So why isn't THAT being done?

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