Tuesday , November 29 2022
Home / New Economic Perspectives / ‘Control Fraud’ – Corrupt Bankers Do It, Congress Ignores It

‘Control Fraud’ – Corrupt Bankers Do It, Congress Ignores It

Summary:
The bipartisan shellacking Senators gave John Stumpf, the Wells Fargo CEO, last week made for great television, but did nothing about the real scandal: Our government continues to look the other way as many top bankers thumb their noses at fraud laws. There is a term for the criminality that infects our biggest banks and damages the economy, and there is a solution to this problem. But there is also an obstacle. Read more of David Cray Johnston’s post: ‘Control Fraud’ – Corrupt Bankers Do It, Congress Ignores It | Investopedia Share this:

Topics:
Devin Smith considers the following as important: ,

This could be interesting, too:

Devin Smith writes MMT is a Political Problem: Part 2

Devin Smith writes MMT is a Political Problem: Part 2

Devin Smith writes MMT is a Political Problem: Part 1

Devin Smith writes MMT is a Political Problem: Part 1

The bipartisan shellacking Senators gave John Stumpf, the Wells Fargo CEO, last week made for great television, but did nothing about the real scandal: Our government continues to look the other way as many top bankers thumb their noses at fraud laws.

There is a term for the criminality that infects our biggest banks and damages the economy, and there is a solution to this problem. But there is also an obstacle.

Read more of David Cray Johnston’s post: ‘Control Fraud’ – Corrupt Bankers Do It, Congress Ignores It | Investopedia

Leave a Reply

Your email address will not be published. Required fields are marked *