Tag control fraud

Bank elites and control fraud

William Black on the lack of criminal prosecutions by DOJ What has gone so catastrophically wrong with DOJ, and why has it continued so long? The fundamental flaw is that DOJ’s senior leadership cannot conceive of elite bankers as criminals.…

Another bank gets slap on the wrist

Barclays PLC agreed to pay $298 million to settle charges by U.S. and New York prosecutors that the U.K. bank altered financial records for more than a decade to hide hundreds of millions of dollars in payments flowing into the…

China credit agency. Moody’s caused the crisis

Guan Jianzhong, chairman of Dagong Global Credit Rating to Financial Times “The western rating agencies are politicised and highly ideological and they do not adhere to objective standards.” “The financial crisis was caused because rating agencies didn’t properly disclose risk…

The surest way to create socialists

WaPo Capitalism has not taken a hit like this since Mr. Potter made his appearance as the evil banker in “It’s a Wonderful Life.” No leftist polemicist could come up with as damning a description of contemporary capitalism as the…