alt Hacker News>the fines don't make sense for the white collar crimes.
why do we need to jump to caning instead of increasing the fines to something more than an operating expense?
in this case, if the fine was 1000x the profits instead of the other way around, the problem would be solved, right?
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In any other crime you get caught doing you do not get the benefits of the ill gotten gains. why should this be any different?
In theory there will be some class action lawsuits that will come about from this now that this report is public. Those can get very expensive.
> the problem would be solved, right?
Corporal punishment is laughable outright, but that's masking the issue. Punishing corporations does not discourage the participants directly. The behavior will not change.
Executives will be more afraid of being sent to prison for criminal charges, than having someone else's money get spent on fines. We can do both - increase the fines and set a precedent of arresting executives when their company does criminal things.