Thread by @doctorow

Companies that have admitted fraud and must pay fines to the DoJ have been granted a reprieve by the Trump administration, so that they may avert a liquidity crisis:

thehill.com/homenews/admin…

1/

At the same time, the Trump administration is billing the $1200 granted working Americans $1200 as a "liquidity bridge" that is supposed to tide them over for ten weeks.

themarysue.com/steve-mnuchin-…

2/

The DoJ will not force admitted corporate crooks to pay their fines until at least Jun 1. This comes even as the DoJ is setting records for entering into settlements with companies that defraud consumers and the government, rather than prosecuting them.

3/

These range from a Tampa company that entered into a $41m settlement after defrauding Medicare, and Ohio and Michigan companies that charged the government "for unnecessary therapy."

4/

Also: Wells Fargo, who owe the feds $3B for a string of endless, ghastly frauds, including opening (literally) millions of fraudulent accounts, stealing veterans' cars, stealing customers' homes, stealing from small businesses, stealing from high-net-worth investors...

5/

Companies do not have to show that paying their fines constitutes a hardship, Generally, these companies reaped much more from their bad deeds than they have to pay in fines, making these "penalties" just part of the cost of doing business.

Now it's not even that.

eof/