Elizabeth Warren' Observation That Banks Are Not Taken To Trial Also Applies To Discrimination Cases
In recent years, banks (in particular banks that back the Republican party) have paid out billions to resolve Justice Department claims of gender, national origin, race and disability discrimination. It's another reason why Hispanics no longer vote Republican. Why vote Republican when the candidate is receiving most of their funding from discrimination defense lawyers and organizations who've paid millions to resolve such claims.
Since 2010, banks have paid over $560 million to resolve claims of loan discrimination against Hispanic and African-American home buyers and businesses and in not one case did the bank go to trial.
It's hard to make an accurate estimate on what a jury would decide is the correct amount to pay if you never take the corporation to trial. Leaving the decision up to lawyers and judges is not how the system is supposed to work especially when individuals such as Aaron Swartz are being over prosecuted and taken to trial.
It's not just banks that are getting off the hook, however. Hospitals that give poor quality care are rarely receive significant penalties but physicians are taken to court when insurance companies can pressure medical staff with impunity to take too many cases and spend less time with each patient as a result of a Republican backed Supreme court ruling that said insurance companies couldn't be prosecuted for pressuring physicians or providing inadequate resources.