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this post was submitted on 13 Oct 2026
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Whooptie Do.
That fine represents 1% of last year's gross profit, which was $119.237B.
Source: https://www.macrotrends.net/stocks/charts/BAC/bank-of-america/gross-profit
The bank wasn't narcing on people often enough for what other people do with their money, while Trump just throws it in everyone's face that he's doing shady shit to steal and make money.
Not making excuses, but gross profit doesn't account for a bunch of other business expenses. Yearly net profit is more like $30B. That makes the fine ~4%.
The profits are still criminally high and the fine is criminally low, but it should be compared to net.
If directors were jailed then we would see some action. As it is it’s a business expense.
Crime DOES pay???
They lied about that too???
Ooh, for businesses, not for people.
I thought businesses WERE people.
Ooh, only when it's convenient. What do you call THAT law?