"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
Further proof, if any be needed, that our worldwide financial system is completely corrupt. The EU fines banks $2.3 billion for one of the biggest frauds ever, LIBOR fixing, and no one goes to prison. The corruption will continue until…
The California Public Employees’ Retirement System (CalPERS), the largest public pension in the country, is considering legal action against banks that fraudulently fixed the Libor rate. Quite a few other large, deep pocket firms, pension funds, brokerages, and municipalities are…
The Libor rate fixing scandal may seem remote and distant from everyday life, but its effects on us all are difficult to understate. Millions of people have been cheated by what The Economist calls “the rotten heart of finance.” Simply…
Robert Reich makes the key point that we must not let cynicism and fatigue stop us from demanding and insuring that the real reform comes to our financial sector. When it comes to Wall Street and the financial sector in…
The Libor rate-fixing is such egregious corruption that there will unquestionably be gazillions of lawsuits against corrupt big banks. Thus it probably won’t be the regulatory agencies in the US and UK that bring down the banks but rather lawsuits…