Assistant Attorney General Lanny Breuer speaks the NY Bar Association at the following link.
The talk is a presentation by the Justice Department which defends and explains the current policies with respect to DPAs (Deferred Prosecution Agreements). Basically, Breuer tries to establish the point that it is difficult to convict corporate top dogs criminally, so they compromise by taking other actions such as having the corporation admit to wrong-doing and/or imposing fines. He then goes on to say these changes have resulted in more responsible corporate actions and uses Siemen's as an example.
Of course, a lot of this is BS. There have been many, many instances where corporations - most notably pharmaceuticals and banks - have paid fines and then continue committing the same offenses. Without jail time, fines are merely a cost of doing business.
Below is an excerpt from the next to last paragraph of the speech:
The talk is a presentation by the Justice Department which defends and explains the current policies with respect to DPAs (Deferred Prosecution Agreements). Basically, Breuer tries to establish the point that it is difficult to convict corporate top dogs criminally, so they compromise by taking other actions such as having the corporation admit to wrong-doing and/or imposing fines. He then goes on to say these changes have resulted in more responsible corporate actions and uses Siemen's as an example.
Of course, a lot of this is BS. There have been many, many instances where corporations - most notably pharmaceuticals and banks - have paid fines and then continue committing the same offenses. Without jail time, fines are merely a cost of doing business.
Below is an excerpt from the next to last paragraph of the speech:
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