IT’S THE HONORABLE THING TO DO
Hara-kiri, (also known as seppuku), is an ancient Japanese form of ritualistic suicide by disembowelment that defeated samurai, or those whose shame was ‘too unbearable’, would use to restore their honor in death. It’s usually stabbing yourself in the stomach (Hara) and cutting (Kiri).
That sounds like a hefty amount of cash—it’s about the gross domestic product of Kenya, and tops that of Iceland and Bahrain. As journalist Pat Garafalo has noted, $11 billion is equal to what all the major banks paid together in 2012. The sum would be the largest single financial fine in history, if in fact it ever is paid (JPMorgan Chase is reported to be in negotiations that might reduce it).
It’s only a suggestion, but I think any banker worth his salt should at least consider it.
