For years, the Obama administration has been pummeled for failing to
bring criminal charges against a single major Wall Street bank or a
single leading Wall Street banker for what the FBI termed an "epidemic of fraud" that
blew up the entire economy. Investigations revealed the banks committed
routine fraud in peddling mortgage securities they knew were garbage,
trampled basic property laws, laundered money from Iran, Libya and
Mexican drug lords, conspired to game the basic measure of interest
rates and more. Yet, time after time, the Justice Department and
regulatory agencies settled for sweetheart deals, with no admission of
guilt, no banker held accountable, and institutional fines that were the
equivalent in earnings of a speeding ticket to the average family.
Read more: http://www.blacklistednews.com/It%27s_Official%3A_Too_Big_to_Fail_Banks_Are_Too_Big_to_Jail_/24641/0/0/0/Y/M.html
Read more: http://www.blacklistednews.com/It%27s_Official%3A_Too_Big_to_Fail_Banks_Are_Too_Big_to_Jail_/24641/0/0/0/Y/M.html
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