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That is why we must now demand a new banking settlement.
And he's mentioning another accomplishment that's already in hand: a provision of the big banking settlement announced a few weeks ago that will repay some service members or veterans who were improperly foreclosed.
It's clear that we need a new banking settlement; a mixture of short, medium and long-term reforms that bring financial services more in line with the social and economic needs of the many not a few greedy bankers.
But Hester failed and the RBS payouts were raised in the Commons and prompted academics, MPs and trade unionists to write to the Guardian to call for a cap on bankers' pay and a new banking settlement to bring financial services "in line with the social and economic needs of the people".
Spoonamore comments: "Those are the sort of results that would instantaneously launch a credit card fraud investigation or a banking settlement investigation".
They argue that $13 billion was far more than we have ever gotten in a banking settlement, that an amount that large will make the big bank execs think twice before committing bank fraud again, and that the money will really help people who have been hurt economically over the last several years.
Similar(53)
"Moral restitution" is an explicit part of the claim.The same goes for the Swiss bank settlement.
The Swiss bank settlement, he says in the book, is such a case.
More than $500 million of the $1.25 billion in the Swiss bank settlement has already been allocated.
Subsidized West Bank settlement expansion continues, a claim in concrete to the land Netanyahu calls Judea and Samaria.
The unusual competition came about because of problems carrying out a portion of the Swiss banks' settlement.
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