Post by
DeanEdmonton on May 07, 2024 10:19am
Way Over Reacting to Money Laudering Fines
Share price is acting like even 2 or 3 billion in fines is going to materially affect TD, it won't. Every siingle bank has been pursued for anti money laundering, because it is easier than going after the actual criminals. It is also deep pockets where you can grab some serious money.
Should the Banks be doing a better job, yes, should it be enforced, yes, but this is also about political theater, never forget that. There were no banks shut down or people sent to jail in 2008 and that was a far more pervasive and damaging time that affected millions of people. Think about those things when you are investing, and don't let headlines drive your choices.
Comment by
charlie1812 on May 07, 2024 10:53am
no one went to jail.......deferred prosecution agreement.......where have i in canada heard that term.
Comment by
Dibah420 on May 07, 2024 2:07pm
Except to bring out the dry powder. "Think about those things when you are investing, and don't let headlines drive your choices."