The tip of the iceberg!
The 'Free Market' & these bastards want LESS Regulation. This is just in the last week
While a $3 Billion dollar fine seems large, consider that their profits over the last 5 years were $90 Billion, according to a discussion on NPR today.
The woman interviewed said many corporations are doing the same.
Until the CEO & COO & others face jail time this will continue.
And most of these same bastards say we should FEAR government. Yeah right...
Glaxo Agrees to Pay $3 Billion in Fraud Settlement
By KATIE THOMAS and MICHAEL S. SCHMIDT
Published: July 2, 2012
In the largest settlement involving a pharmaceutical company, the British drugmaker GlaxoSmithKline agreed to plead guilty to criminal charges and pay $3 billion in fines for promoting its best-selling antidepressants for unapproved uses and failing to report safety data about a top diabetes drug, federal prosecutors announced Monday. The agreement also includes civil penalties for improper marketing of a half-dozen other drugs.
http://www.nytimes.com/2012/07/03/business/glaxosmithkline-agrees-to-pay-3-billion-in-fraud-settlement.html?pagewanted=all
Market Extra Archives
June 28, 2012, 4:13 p.m. EDT
J.P. Morgan loss may reportedly hit $9 billion
Bank’s soured trade could be much bigger than previously estimated
http://www.marketwatch.com/story/london-whale-loss-reportedly-may-hit-9-billion-2012-06-28
June 27, 2012, 2:39 p.m. EDT
Barclays fined $452 million in interest-rate probe
Four top executives at the British bank give up annual bonuses
http://www.marketwatch.com/story/barclays-fined-452-million-in-interest-rate-probe-2012-06-27
DO SOMETHING!
| 
