'Taking On Corporate Giants For Their Wrongdoing Should Not Be So Daunting'

The New York Times:

“TAKING on corporate Goliaths for their wrongdoing should not be so daunting.”

That’s the view of Michael Winston, a former executive at Countrywide Financial, the subprime lending machine that was swallowed up by Bank of America in 2008. Mr. Winston won a wrongful-dismissal and retaliation case against the company in February 2011, but is still waiting to receive his $3.8 million award. Bank of America is fighting back and has appealed the jury verdict twice.

Read the whole story at The New York Times

Comments

[rduryea]

01:20 PM on 07/05/2012

A slap on the wrist with fines for banking " Improprities" and not crimes across 50 states with the exception of small margin of states having any resources to take on the legions of attorney's behind the culprits that helped rip the global economy apart. A little to late and to the people pillaged will never see a dime based on manipulation housing market/real estate/ market/ created false wealth in homes then sold that false equity to other investors when discovering their actions would be discovered soon. Sell , sell, sell, so many times that no state could ever have the resources to fully investigate the true origins and nature/ bank/ robo-signer...you name it ...MERS, ...as each Attorney General's office slapped the banks, with fines...the World Banks?...many federally exempt from state investigations of fraud/predatory lending ...then the SEC's MUI's for 20+ years went missing...this is the new Watergate that in time piece by piece will be put together while the American people age and die first.

[alan2a]

05:50 PM on 07/02/2012

You'd think that since they are legally classified as persons you could get them on straight forward criminal law and not have to deal with corporate legal hurdles.

[marignymitch]

03:51 PM on 07/02/2012

It is daunting, some say impossible, because corporate giants own our politicians.

[harveyr2]

01:49 PM on 07/02/2012

The government and its minders have created a complex monstrosity. It is time for a complete re-write of our laws and regulations. This is the 21st century. Time to modernize.

[KMBerger]

12:39 PM on 07/02/2012

Unfortunately, the US Congress and Senate are attempting to make it harder for the Government to deter corporate maelafeance and exploiting labor by deliberately misinforming the public about labor and teacher union abuses and reinstating de-regulation of businesses. That is a huge mistake and it defines this era of the greed and entitlements of the wealthy including Members of Congress and corporations. When will the PEOPLE (or is it SHEEPLE) stand up and vote these narrow-minded idiots out of office?

[sonoffestus]

12:33 PM on 07/02/2012

"should not be that daunting."............... Unless of course, you have been bought and pain for.

[Tom Hendricks]

11:35 AM on 07/02/2012

Too big to fail is too big to oppose.

[cats530]

12:36 PM on 07/02/2012

yes, because Too Big To Fail is IMPLICITY BACKED with taxpayer dollars. Its disgusting.

[marine1942]

09:18 AM on 07/02/2012

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
People---we are not all equal. And we do not need to be. Look at what America's education system has become.

[SwiftJonathan]

09:45 AM on 07/02/2012

I completely agree, soldier! Now back to Afghanistan where you can server your nation best!

[marine1942]

02:32 PM on 07/02/2012

Swift---don't ever call me a soldier again.
I am a United States Marine !!!

[Tom Hendricks]

11:32 AM on 07/02/2012

Smart people see that helping the poor helps all. Money is most important in societies that don't share.

[marine1942]

02:38 PM on 07/02/2012

Smart people teach a man to fish. Liberals teach a man to beg.