There is No Justice When It Comes to the Banks
There is no Justice. Countrywide financial settled a civil action by the Department of Justice for $335 million. This equates to $1,675 dollars in compensation for each of the 200,000 listed victims....
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No Bank Prosecutions From Attorney General Who Used To Represent The Banks!
We all know there is no justice when it comes to criminal and even civil prosecutions for the financial crisis. We all know there is no justice when it comes to foreclosures. Are you aware the Obama...
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Abacus Bank Faces Criminal Charges for Liar Loans Yet Most Who Perpetuated...
On May 31st, Manhattan prosecutors filed criminal charges against Abacus Federal Savings Bank and 19 employees. These are the first criminal charges against an actual bank associated with the financial...
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Banking Fraud Is Just the New Way of Doing Business
The manipulation of the LIBOR scandal just keeps growing. Ever since Barclays was busted for manipulating this key critical interbank interest rate, more outrageous details keep pouring out.Europe...
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The Latest Evildoing in Banksterdom
Banks running amok. Banks losing billions. Banks busted for fraud that went on for over 20 years. Banks overcharging customers. The hits just keep on coming. One would think, at this point, the...
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Banks Launder Money With Impunity
HSBC is a bank. They are also a money launderer. Last week the Senate subcommittee on investigations, part of the Senate Committee on Homeland Security and Government Affairs, issued a report (pdf) and...
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They Got Away With It
It there was ever a message from our government, it's this. If someone has enough money and power, they can get away with anything. There will be no consequence and no punishment for the rich and...
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Business as Usual and Prosecution of Financial Crime
The latest fallout in the banks manipulating the LIBOR scandal were criminal charges against two UBS traders. LIBOR is a key financial rate and the Justice Department this week fined UBS $1.5 billion...
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Friday Movie Night - The Untouchables
This week's featured documentary is Frontline's The Untouchables. Frontline asks the fundamental question, why hasn't anyone responsible for the financial crisis gone to jail?
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Holder Claims He Can't Prosecute the the Banks Because It Would Negatively...
Attorney General Eric Holder, the highest law enforcement officer in the land, said he cannot prosecute the big banks because that would endanger the global economy. This is an admission the world is...
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Outrageous Economic Shorts - Labor Be Damned
Welcome to our round up of economic shorts. These are the latest outrages that caught our eye which you might have missed. Probably the biggest disaster happening today is the Senate pushing forward...
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Corzine Gets Sued!
Just when you think they all got completely away with it, along comes one government regulator, the CFTC. The U.S. Commodity Futures Trading Commission issued a settlement with MF Global. The firm...
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The Missing Cohen Criminal Charges on SAC Capital Insider Trading Indictment
The headlines blaze criminal charges for SAC Capital Advisors, a wayward hedge fund. Yet if one reads the Southern district of New York indictment, it is fairly obvious the owner is getting off the hook.
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