On 20 Aug 2003 at 13:17, Wayne Brown wrote:

> The article is titled "Bank in HP merger fined
> > $750,000". It can be found at:

Is it just me but does anyone else see the incongruity of fining a
bank $750,000 when it gained $2,000,000 by the offence?  More to
the point, why should the shareholders and customers of a bank
have to pay the fines for the misdeeds of employees?  Shouldn't the
individuals have to pay?  So long as fines are levied against
artificial persons and paid for from the profits of misdeeds where is
the incentive to reform behaviour?

Regards,
Jim
---     e-mail is NOT a secure channel
James B. Byrne                 mailto:[log in to unmask]
Harte & Lyne Limited          http://www.harte-lyne.ca
9 Brockley Drive                 vox: +1 905 561 1241
Hamilton, Ontario               fax: +1 905 561 0757
Canada  L8E 3C3

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