Economic Penalty Quotes



The people penalized refers to the American companies who can no longer sell to the sanctioned nation while their foreign competitors do not.


Most companies in most industries don’t even have $1 billion in total revenue. The Wall Street Banks however are enormous. JP Morgan does $93 billion in a single year. They make profits of twice the amount of the fine. The company had made so much money during the Great Recession that Morgan had more almost twice the fine in cash reserves. So when they paid the fine, their earnings would not be penalized even $1. They earned about $26 billion for the year even after paying the fine. It would be like a profitable neighborhood hardware store being fined 5 cents. Better Markets is a non-profit, financial organization that lobbies for better and greater government regulation of the finance industry.