Sunday, January 13, 2013

It's not my money

We know that the charlatans of the latest fiscal crisis don't really mind paying the 'fines' that the feds impose on them for violating our laws.  After all, it's the company's money, not theirs.  Gretchen Morgenson reminds us that we often wind up 'paying' part of these settlements as the banks can in many cases deduct the settlement payments from their income tax.

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