The bank executives claim they are talent worthy of the highest pay packages in the world. But they are accountable for none of the downside that their ‘talents’ create. Not only are they not held accountable for crimes, but we the taxpayers cover their losses. Fantastic gig for them; incredibly abusive of all of us.
Paul Mason’s raw thoughts on the news – and why he’s sick of the corner of the City of London next to RBS’s headquarters. Here is a direct video link.
The assault on democracy continues as actors get off free while their bank employers write checks and proceed with business crimes as usual.
Major financial institutions have reached an agreement over wrongdoing in the foreign exchange markets. Here is a direct video link.
Forget the cost to “ordinary Americans and investors”, no one at the top cares about them. The biggest cost to letting criminals profit and continue their schemes is that they are emboldened by their free pass and illicit pursuits go viral in the banking system, making a mockery of the rule of law and guaranteeing all of us the next, even larger, financial crisis.
JPMorgan whistleblower Alayne Fleischmann speaks to CNBC about her role in the U.S. government’s case against JPMorgan over mortgage backed securities.Here is a direct video link.
In the process, no one should be surprised that fraud and lack of personal accountability are surging at all levels of society today.
Cory’s Chart Corner
