Friday, October 11, 2024

TD bank

It was announced today that the Toronto Dominion Bank was fined $3 billion dollars after admitting that the bank laundered money for criminal enterprises including illegal drugs. This banks assets are $2,000 billion and this fine means nothing. Once again the big wheels get off without anyone going to jail. TD had $1.97 trillion in assets on July 31, 2024. In time and after further investigation some underlings may go to jail much like happened in the mortgage scandal of 2008. What ever happened to the buck stops here.

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