Corporate Crimes
Key Fact
Since 2000, the 13 global financial giants have paid out $46,071,450,274 in fines which is just over 10% of penalties of 327,000 recorded civil and criminal cases.
Source: (Haberly and Wójcik, 2016)
Crime Pays
JP Morgan Chase found guilty in 2013 of selling toxic mortgages that fueled financial crisis
Source: Good Jobs First Subsidy Tracker, 2018
“Without a doubt, the conduct uncovered in this investigation helped sow the seeds of the mortgage meltdown.”
– US ATTORNEY GENERAL ERIC HOLDER
We paid the cost
The Financial Crisis cost the US economy as much as $22 trillion. As of 2017, US authorities had levied over $150 billion in fines for activities related to the financial crisis.
UNEMPLOYMENT: the hidden cost of financial crisis
Number of people unemployed
Sources: Cost of FC: Government Accountability Office, 2013 Unemployment: ILO Stat Key Fact: ILO, 2015
Key Fact
From 2008 to 2015, 61 million people across the globe lost their jobs due to the consequences of the financial crisis.
Source: (Haberly and Wójcik, 2016)