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| Do credit unions cause b@*ks to be dishonest? |
FROM THE FINANCIAL TIMES (8/29/14):
"A couple of years ago Roger McCormick, a law professor at London School of Economics and Political Science, assembled a team of researchers to track the 10 largest western banks, to see how finance was evolving after the 2008 crisis."
"He thought this might be a minor, one-off project. He was wrong. Last month the project team published its second report on post-crisis penalties, which showed that by late 2013 the top 10 banks had paid an astonishing $160 billion in fines since 2008, for misbehavior such as money laundering, rate-rigging, sanctions-busting and mis-selling subprime mortgages and bonds during the credit bubble."
"When the 2014 data are compiled, the total
penalties will probably have risen towards $300 billion. Just last week BOA announced yet another settlement with regulators over the subprime scandals, worth $16.9 billion. JPMorgan and Citi respectively have recently settled with different US government bodies for mortgage transgressions to the tune of $13 billion and $7 billion."
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| Psst! Hey, I'm endorsed by the ABA. |
- Gillian Tett
There, of course, can be only one cause for this persistent dishonesty by America's b@*ks...
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| Let's prosecute!! |
It's the "tax exempt" status of credit unions!
(You follow that logic don't you ????)
Perhaps it's time to also prosecute some trade association executives who are "Frank-ly" just, plain lying....
WHY DON'T WE OFFER TO TRADE OFF THE TAX EXEMPTION FOR A PLEDGE TO THE AMERICAN PEOPLE OF FUTURE HONESTY FROM THE B@*KS?
WHY DON'T WE OFFER TO TRADE OFF THE TAX EXEMPTION FOR A PLEDGE TO THE AMERICAN PEOPLE OF FUTURE HONESTY FROM THE B@*KS?
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