Loading ...I just read this. It’s a good story. It fits my reversal observation and after the 08 crisis to Bernie Madoff and “you can’t get away with it anymore” in the future. I always said the banks operate like a government, so they are somewhat excused for “killing” like a soldier just doing his job.
Part:
But they have a lengthy track record of failures, often due to unscrupulous employees or bad practices.
The industry has paid more than $200 billion in fines since the 2008 financial crisis, mostly tied to its role in the mortgage meltdown, according to a 2018 tally from KBW. Traders and bankers have also been blamed for manipulating benchmark rates, currencies and precious metal markets, stealing billions of dollars from developing nations, and laundering money for drug lords and dictators.
Justice Department tells bankers to proactively confess their misdeeds
Justice Department tells bankers to proactively confess their misdeeds
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