Giant Penalties Are Giant Tax Write-Offs for Wall Street

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At the Justice Department, senior officials like to congratulate themselves on the headline-making, big bucks settlements they have imposed upon banks and lenders for their part in causing the 2008 mortgage meltdown that sparked the biggest American financial crisis since the Great Depression. But wait a moment. Those settlement figures are not quite what they seem.…

Giant Penalties Are Giant Tax Write-Offs for Wall Street

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