{"id":27388,"date":"2015-05-25T04:24:00","date_gmt":"2015-05-25T02:24:00","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=27388"},"modified":"2015-05-25T04:24:00","modified_gmt":"2015-05-25T02:24:00","slug":"us-and-uk-at-top-of-inequality","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/us-and-uk-at-top-of-inequality\/","title":{"rendered":"US and UK At Top of Inequality"},"content":{"rendered":"<p>Two-fifths of the population of developed countries have gained little in recent decades, according to the Organization for Economic Cooperation and Development (OECD).\u00a0 The UK and the U.S. are the biggest problems.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.w-t-w.org\/en\/us-and-uk-at-top-of-inequality\/more-unequal\/\" target=\"_blank\" rel=\"attachment wp-att-27394\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-27394\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/05\/More-Unequal.jpg\" alt=\"More Unequal\" width=\"611\" height=\"393\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/05\/More-Unequal.jpg 611w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/05\/More-Unequal-300x193.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/05\/More-Unequal-466x300.jpg 466w\" sizes=\"auto, (max-width: 611px) 100vw, 611px\" \/><\/a><\/p>\n<p style=\"text-align: center;\">\n","protected":false},"excerpt":{"rendered":"<p>Two-fifths of the population of developed countries have gained little in recent decades, according to the Organization for Economic Cooperation and Development (OECD).\u00a0 The UK and the U.S. are the biggest problems.<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-27388","post","type-post","status-publish","format-standard","hentry","category-inequality"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"SEC Commissioner Kara Stein has waged an uphill battle to have the agency stop giving financial firm miscreants waivers from sanctions that would otherwise take effect when they enter into settlements for bad conduct. Stein took issue with the SEC\u2019s prior stance, that these \u201cget out of jail\u201d cards were issued freely to big firms by virtue of simply asking for them. The tacit assumption seemed to be that these firms were big reputable players and hence imposing the normal legally-mandated sanctions was overkill. In fact, as we know too well, the behemoth banks do disproportionate harm by their bad actions, and recent history has shown that they\u2019ve misbehaved across a large swathe of businesses. Despite the fact that a single SEC commissioner has limited power, Stein has managed to stymie the granting of some of these waivers by teaming up with like-minded SEC Commissioner Luis Aguilar on cases where Chairman Mary Jo White has had to recuse herself. Stein and Aguilar\u2019s opposition to granting waivers on a recent Bank of America settlement led to further negotiations that imposed additional requirements upon the Charlotte bank. Stein and Aguilar has also been pushing for tougher punishments, including lifetime bans from SEC regulated entities for bank executives who break securities laws. Below is Stein\u2019s dissent on the granting of waivers to the five banks that admitted to a criminal conspiracy to rig the spot foreign exchange market in dollars and Euros. As Stein points out, the issue isn\u2019t just the severity of this particular incident; it\u2019s that theses firms are recidivist bad actors yet have been granted waivers on the barmy presumption that they are for the most part, corporate citizens in good standing.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Adela Rogers\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/us-and-uk-at-top-of-inequality\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - Women and Finance\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"US and UK At Top of Inequality - W-T-W.org\" \/>\n\t\t<meta property=\"og:description\" content=\"SEC Commissioner Kara Stein has waged an uphill battle to have the agency stop giving financial firm miscreants waivers from sanctions that would otherwise take effect when they enter into settlements for bad conduct. Stein took issue with the SEC\u2019s prior stance, that these \u201cget out of jail\u201d cards were issued freely to big firms by virtue of simply asking for them. The tacit assumption seemed to be that these firms were big reputable players and hence imposing the normal legally-mandated sanctions was overkill. In fact, as we know too well, the behemoth banks do disproportionate harm by their bad actions, and recent history has shown that they\u2019ve misbehaved across a large swathe of businesses. Despite the fact that a single SEC commissioner has limited power, Stein has managed to stymie the granting of some of these waivers by teaming up with like-minded SEC Commissioner Luis Aguilar on cases where Chairman Mary Jo White has had to recuse herself. Stein and Aguilar\u2019s opposition to granting waivers on a recent Bank of America settlement led to further negotiations that imposed additional requirements upon the Charlotte bank. Stein and Aguilar has also been pushing for tougher punishments, including lifetime bans from SEC regulated entities for bank executives who break securities laws. Below is Stein\u2019s dissent on the granting of waivers to the five banks that admitted to a criminal conspiracy to rig the spot foreign exchange market in dollars and Euros. As Stein points out, the issue isn\u2019t just the severity of this particular incident; it\u2019s that theses firms are recidivist bad actors yet have been granted waivers on the barmy presumption that they are for the most part, corporate citizens in good standing.\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.w-t-w.org\/en\/us-and-uk-at-top-of-inequality\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2015-05-25T02:24:00+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2015-05-25T02:24:00+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"US and UK At Top of Inequality - W-T-W.org\" \/>\n\t\t<meta name=\"twitter:description\" content=\"SEC Commissioner Kara Stein has waged an uphill battle to have the agency stop giving financial firm miscreants waivers from sanctions that would otherwise take effect when they enter into settlements for bad conduct. Stein took issue with the SEC\u2019s prior stance, that these \u201cget out of jail\u201d cards were issued freely to big firms by virtue of simply asking for them. The tacit assumption seemed to be that these firms were big reputable players and hence imposing the normal legally-mandated sanctions was overkill. In fact, as we know too well, the behemoth banks do disproportionate harm by their bad actions, and recent history has shown that they\u2019ve misbehaved across a large swathe of businesses. Despite the fact that a single SEC commissioner has limited power, Stein has managed to stymie the granting of some of these waivers by teaming up with like-minded SEC Commissioner Luis Aguilar on cases where Chairman Mary Jo White has had to recuse herself. Stein and Aguilar\u2019s opposition to granting waivers on a recent Bank of America settlement led to further negotiations that imposed additional requirements upon the Charlotte bank. Stein and Aguilar has also been pushing for tougher punishments, including lifetime bans from SEC regulated entities for bank executives who break securities laws. Below is Stein\u2019s dissent on the granting of waivers to the five banks that admitted to a criminal conspiracy to rig the spot foreign exchange market in dollars and Euros. As Stein points out, the issue isn\u2019t just the severity of this particular incident; it\u2019s that theses firms are recidivist bad actors yet have been granted waivers on the barmy presumption that they are for the most part, corporate citizens in good standing.\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/us-and-uk-at-top-of-inequality\\\/#blogposting\",\"name\":\"US and UK At Top of Inequality - W-T-W.org\",\"headline\":\"US and UK At Top of Inequality\",\"author\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/author\\\/adelarogers\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/wp-content\\\/uploads\\\/2015\\\/05\\\/More-Unequal.jpg\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/us-and-uk-at-top-of-inequality\\\/#articleImage\",\"width\":611,\"height\":393},\"datePublished\":\"2015-05-25T04:24:00+02:00\",\"dateModified\":\"2015-05-25T04:24:00+02:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/us-and-uk-at-top-of-inequality\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/us-and-uk-at-top-of-inequality\\\/#webpage\"},\"articleSection\":\"Inequality\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/us-and-uk-at-top-of-inequality\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.w-t-w.org\\\/en\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/home\\\/inequality\\\/#listItem\",\"name\":\"Inequality\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/home\\\/inequality\\\/#listItem\",\"position\":2,\"name\":\"Inequality\",\"item\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/home\\\/inequality\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/us-and-uk-at-top-of-inequality\\\/#listItem\",\"name\":\"US and UK At Top of Inequality\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/us-and-uk-at-top-of-inequality\\\/#listItem\",\"position\":3,\"name\":\"US and UK At Top of Inequality\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/home\\\/inequality\\\/#listItem\",\"name\":\"Inequality\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/#organization\",\"name\":\"W-T-W.org\",\"description\":\"Women and Finance\",\"url\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/author\\\/adelarogers\\\/#author\",\"url\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/author\\\/adelarogers\\\/\",\"name\":\"Adela Rogers\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/us-and-uk-at-top-of-inequality\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2ed2258ebc444ebd985f92509fea4f9954b5cba01bcaab47af90b5ea2fc8fc75?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Adela Rogers\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/us-and-uk-at-top-of-inequality\\\/#webpage\",\"url\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/us-and-uk-at-top-of-inequality\\\/\",\"name\":\"US and UK At Top of Inequality - W-T-W.org\",\"description\":\"SEC Commissioner Kara Stein has waged an uphill battle to have the agency stop giving financial firm miscreants waivers from sanctions that would otherwise take effect when they enter into settlements for bad conduct. 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Stein and Aguilar has also been pushing for tougher punishments, including lifetime bans from SEC regulated entities for bank executives who break securities laws. Below is Stein\u2019s dissent on the granting of waivers to the five banks that admitted to a criminal conspiracy to rig the spot foreign exchange market in dollars and Euros. 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As Stein points out, the issue isn\u2019t just the severity of this particular incident; it\u2019s that theses firms are recidivist bad actors yet have been granted waivers on the barmy presumption that they are for the most part, corporate citizens in good standing.","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.w-t-w.org\/en\/#website"},"breadcrumb":{"@id":"https:\/\/www.w-t-w.org\/en\/us-and-uk-at-top-of-inequality\/#breadcrumblist"},"author":{"@id":"https:\/\/www.w-t-w.org\/en\/author\/adelarogers\/#author"},"creator":{"@id":"https:\/\/www.w-t-w.org\/en\/author\/adelarogers\/#author"},"datePublished":"2015-05-25T04:24:00+02:00","dateModified":"2015-05-25T04:24:00+02:00"},{"@type":"WebSite","@id":"https:\/\/www.w-t-w.org\/en\/#website","url":"https:\/\/www.w-t-w.org\/en\/","name":"W-T-W.org","description":"Women and Finance","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.w-t-w.org\/en\/#organization"}}]},"og:locale":"en_US","og:site_name":"W-T-W.org - Women and Finance","og:type":"article","og:title":"US and UK At Top of Inequality - W-T-W.org","og:description":"SEC Commissioner Kara Stein has waged an uphill battle to have the agency stop giving financial firm miscreants waivers from sanctions that would otherwise take effect when they enter into settlements for bad conduct. Stein took issue with the SEC\u2019s prior stance, that these \u201cget out of jail\u201d cards were issued freely to big firms by virtue of simply asking for them. The tacit assumption seemed to be that these firms were big reputable players and hence imposing the normal legally-mandated sanctions was overkill. In fact, as we know too well, the behemoth banks do disproportionate harm by their bad actions, and recent history has shown that they\u2019ve misbehaved across a large swathe of businesses. Despite the fact that a single SEC commissioner has limited power, Stein has managed to stymie the granting of some of these waivers by teaming up with like-minded SEC Commissioner Luis Aguilar on cases where Chairman Mary Jo White has had to recuse herself. Stein and Aguilar\u2019s opposition to granting waivers on a recent Bank of America settlement led to further negotiations that imposed additional requirements upon the Charlotte bank. Stein and Aguilar has also been pushing for tougher punishments, including lifetime bans from SEC regulated entities for bank executives who break securities laws. Below is Stein\u2019s dissent on the granting of waivers to the five banks that admitted to a criminal conspiracy to rig the spot foreign exchange market in dollars and Euros. As Stein points out, the issue isn\u2019t just the severity of this particular incident; it\u2019s that theses firms are recidivist bad actors yet have been granted waivers on the barmy presumption that they are for the most part, corporate citizens in good standing.","og:url":"https:\/\/www.w-t-w.org\/en\/us-and-uk-at-top-of-inequality\/","article:published_time":"2015-05-25T02:24:00+00:00","article:modified_time":"2015-05-25T02:24:00+00:00","twitter:card":"summary_large_image","twitter:title":"US and UK At Top of Inequality - W-T-W.org","twitter:description":"SEC Commissioner Kara Stein has waged an uphill battle to have the agency stop giving financial firm miscreants waivers from sanctions that would otherwise take effect when they enter into settlements for bad conduct. Stein took issue with the SEC\u2019s prior stance, that these \u201cget out of jail\u201d cards were issued freely to big firms by virtue of simply asking for them. The tacit assumption seemed to be that these firms were big reputable players and hence imposing the normal legally-mandated sanctions was overkill. In fact, as we know too well, the behemoth banks do disproportionate harm by their bad actions, and recent history has shown that they\u2019ve misbehaved across a large swathe of businesses. Despite the fact that a single SEC commissioner has limited power, Stein has managed to stymie the granting of some of these waivers by teaming up with like-minded SEC Commissioner Luis Aguilar on cases where Chairman Mary Jo White has had to recuse herself. Stein and Aguilar\u2019s opposition to granting waivers on a recent Bank of America settlement led to further negotiations that imposed additional requirements upon the Charlotte bank. Stein and Aguilar has also been pushing for tougher punishments, including lifetime bans from SEC regulated entities for bank executives who break securities laws. Below is Stein\u2019s dissent on the granting of waivers to the five banks that admitted to a criminal conspiracy to rig the spot foreign exchange market in dollars and Euros. As Stein points out, the issue isn\u2019t just the severity of this particular incident; it\u2019s that theses firms are recidivist bad actors yet have been granted waivers on the barmy presumption that they are for the most part, corporate citizens in good standing."},"aioseo_meta_data":{"post_id":"27388","title":"","description":"SEC Commissioner Kara Stein has waged an uphill battle to have the agency stop giving financial firm miscreants waivers from sanctions that would otherwise take effect when they enter into settlements for bad conduct. Stein took issue with the SEC\u2019s prior stance, that these \u201cget out of jail\u201d cards were issued freely to big firms by virtue of simply asking for them. The tacit assumption seemed to be that these firms were big reputable players and hence imposing the normal legally-mandated sanctions was overkill. In fact, as we know too well, the behemoth banks do disproportionate harm by their bad actions, and recent history has shown that they\u2019ve misbehaved across a large swathe of businesses.\r\n\r\nDespite the fact that a single SEC commissioner has limited power, Stein has managed to stymie the granting of some of these waivers by teaming up with like-minded SEC Commissioner Luis Aguilar on cases where Chairman Mary Jo White has had to recuse herself. Stein and Aguilar\u2019s opposition to granting waivers on a recent Bank of America settlement led to further negotiations that imposed additional requirements upon the Charlotte bank. Stein and Aguilar has also been pushing for tougher punishments, including lifetime bans from SEC regulated entities for bank executives who break securities laws.\r\n\r\nBelow is Stein\u2019s dissent on the granting of waivers to the five banks that admitted to a criminal conspiracy to rig the spot foreign exchange market in dollars and Euros. As Stein points out, the issue isn\u2019t just the severity of this particular incident; it\u2019s that theses firms are recidivist bad actors yet have been granted waivers on the barmy presumption that they are for the most part, corporate citizens in good standing.","keywords":[{"label":"Inequality","value":"Inequality"},{"label":"US","value":"US"},{"label":"UK","value":"UK"}],"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2024-10-06 07:52:46","updated":"2025-07-14 01:07:54","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.w-t-w.org\/en\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.w-t-w.org\/en\/home\/inequality\/\" title=\"Inequality\">Inequality<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tUS and UK At Top of Inequality\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.w-t-w.org\/en"},{"label":"Inequality","link":"https:\/\/www.w-t-w.org\/en\/home\/inequality\/"},{"label":"US and UK At Top of Inequality","link":"https:\/\/www.w-t-w.org\/en\/us-and-uk-at-top-of-inequality\/"}],"_links":{"self":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts\/27388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/comments?post=27388"}],"version-history":[{"count":4,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts\/27388\/revisions"}],"predecessor-version":[{"id":27397,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts\/27388\/revisions\/27397"}],"wp:attachment":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/media?parent=27388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/categories?post=27388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/tags?post=27388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}