Posts Tagged ‘loretta lynch’

Loretta Lynch: Barclays Jeopardized Billions

Posted by admin on Friday, March 30, 2018

Loretta Lynch Money Quote saying as the Former Attorney General in the Obama administration, that Barclays Bank was reckless with investors money in the Mortgage Crisis of 2008. Loretta Lynch said:
 
 Barclays jeopardized billions of dollars of wealth  Quote
 

“Barclays jeopardized billions of dollars of wealth through practices that were plainly irresponsible and dishonest” — Loretta Lynch

 

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In this quote, Loretta Lynch is criticizing the banking institution Barclays for engaging in irresponsible and dishonest practices that put billions of dollars at risk.

By saying Barclays “jeopardized billions of dollars of wealth through practices that were plainly irresponsible and dishonest”, Lynch implies their actions showed a disregard for proper conduct and endangered significant financial assets through reckless behavior.

The overall interpretation is that Lynch believes Barclays failed in its duties and obligations by adopting what she views as clearly unacceptable and fraudulent business methods that compromised the security of sizable sums of money.

 
Barclays 2 Billion Dollar Settlement Smaller

Barclays is paying far less than other big banks paid. In 2013, JPMorgan Chase paid $13 billion. In 2014, Bank of America paid $16 billion. Deutsche Bank paid $7 billion.

 

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