Sunday, November 04, 2018

Trump, the corporation's best friend

 The New York Times finds that "corporate wrongdoers" have seen a massive drop in financial penalties with Trump.

Comparing the first 20 months of the Trump administration with the last 20 months of the Obama administration the findings were that:

There were $5 billion in penalties imposed and illicit profits ordered returned by the SEC under Obama but just $1.9 billion under the Trump administration, marking a 62 percent decline. 

Corporate penalties from the Justice Department's criminal prosecutions dropped from $14.15 billion under Obama to $3.93 billion under Trump, marking a 72 percent drop

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