Top Fraud Prosecutor: Banking Criminals Can Be Forced To Give Back Their Ill-Gotten Bonuses

Nicholas Taleb said recently that the bankers “hijacked the American economy,” and should not have received $2.2 trillion bonus payouts they did. Taleb lamented:

"Unfortunately, we don’t have claw backs in the U.S."

I’ve previously argued that the government could use existing laws to force ill-gotten gains to be disgorged (see this and this), fraudulent transfers to be voided and – perhaps – even bonuses gained at the expense of taxpayers clawed back.

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