RE:They've found a scapegoatHowever, as has been mentioned, the buck stops with CEO Masrani.
Next in line: President TD America: Leo Salom.
But then, where was the CFO, the Chief Auditor, The Chief RiskOfficer? etc etc. Xmas bonuses, anyone?
Other than Nunes-Florez nobody is going to jail. The Bank will pay the fine and the boondongle will soon be forgotten. Remember Goldman Sachs & the Billion Dollar Malaysian fiasco? They are still in business and doing well, thank you.
Unless some aspiring politician in US pursues the chase; but I can think of Elliot Spitzer and how he was sandbagged with a $5k hooker.
Heck, Cheney-Bush took the nation to an illegal war based on false claims of WMD, which they KNEW were lies. And what did Obama do? Nada. He had the convenient excuse that he was saving the nation from financial disaster.
And yeah, who went to jail on that one!!
Last but not least, witness the challenges prosecutiong the orange buffoon. Dem's the ropes.
Cheers