Banks Don’t Commit Fraud; Banksters Commit Fraud: Response to Yglesias
From Great Leap Forward January 30, 2013 - 9:45pm
The often interesting Matthew Yglesias wonders “Are Banks Too Big To Prosecute?”. See here: http://www.slate.com/blogs/moneybox/2013/01/30/too_big_to_prosecute_can_the_government_bring_serious_criminal_charges_against.html. Here’s his thesis. Sure, Megabanks committed tons of fraud. But we cannot prosecute banks for the fraud because that would bring them down. And the bigger they are, the more fraud they perpetrated, but the bigger the insolvency hole if [...]
This is the largest topic on ewallstreeter. This topic aggregates news and investment advice from over 200 different news sources. It covers all the financial markets, collectively known as Wall Street, as well as international news which affects our markets.