Clinton recommends creative uses for bank fines

Former president suggests earmarking money for infrastructure improvements

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The financial crisis rocked the national economy and affected individuals, businesses and the government alike. As part of the fallout of the financial meltdown, a number of banking institutions have been required to pay fines to the U.S. government, but former President Bill Clinton has a question about those fines.

“Where’s that fine money going?” Clinton asked at the annual meeting of the Securities Industry & Financial Markets Association. “It should be put into an infrastructure bank to build a new American economy,” he went on to suggest.

Senior Editor and Community Manager

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Rich Steeves

Richard P. Steeves is Senior Editor and Community Manager of InsideCounsel magazine, where he covers the intellectual property and compliance beats. Rich earned a B.A....

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