@GuckianRI statement in wake of $315M CVS settlement: "Helena Foulkes was president of CVS Pharmacy during part of this period. I believe it's fair to ask what she knew, what safeguards were in place and what was being done to protect patients. This has become a five-alarm fire."

@BankofAmerica was fined $1.2 billion today for failing to report more than $5 billion in suspicious transactions. The @USTreasury says some of that money was linked to Chinese laundering networks, fraud, and activity at the southwest border. Separately, 475 apparent sanctions violations touching Russia, Iran, narcotics, and global terrorism. The bank admitted it willfully violated the Bank Secrecy Act. Here is the line in the story nobody will quote: not one individual was charged. I have watched this exact movie before. In 2012 I was inside @HSBC when it paid $1.9 billion for moving money for cartels and sanctioned regimes. The fine was roughly five weeks of profit. No banker went to prison. The industry took the lesson it was offered, which was that the penalty for letting dirty money through is a line item. Fourteen years and tens of billions in fines later, the Treasury Secretary says this sends "a clear message that even the biggest financial institutions are not above the law." The institution is not above the law. The people inside it are. That is the whole problem. A bank cannot go to prison. A bank cannot lose its freedom, its reputation, or its kids' respect. The only thing a fine does to a bank is reduce next quarter's number, and @BankofAmerica reports earnings tomorrow. Watch how little the stock cares. Every one of those unreported transactions passed through a person. Somebody set the thresholds. Somebody saw the alert volume and chose not to staff for it. Somebody read the 2024 cease and desist and decided the fix could wait. Until those people face something personal, the next $1.2 billion is already priced in. To the compliance officers at @BankofAmerica who flagged what they saw and were told to find a way: I know exactly where you are sitting. You are not the ones who should be nervous tonight. We do not need another record fine. We need a banker in handcuffs. cnbc.com/2026/10/13/bank-of-…