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b_b  ·  3349 days ago  ·  link  ·    ·  parent  ·  post: Volkswagen CEO Winterkorn steps down

This shit's gotta get punitive at some point. Car companies, oil companies, drug companies, financial companies, they all abuse and disregard the rules, knowing full well that if they get caught, they'll just pay the price.

    Working in the new CEO’s favor is an automaker that for the moment is financially sound. Volkswagen’s automotive division had net liquidity of 21.5 billion euros at the end of June, and posted record profit of 12.7 billion euros in 2014...

So, even if the fine they incur is $10bln, they'll survive with no consequences besides delaying some plant upgrades. Some motherfuckers need to go to prison from some of these companies eventually. I was hoping Holder would start with HSBC, but they got nothing, even though they egregiously flaunted the law. If I were a VW exec I would probably steer clear of vacationing in the US in the coming years. I think the tide is turning. Lynch has vowed to start prosecuting where Holder refused. I'd like to see her follow through on that promise.