From Jesse's Café Americain:
The
New York Times has discovered that the banks that were rescued by the public have turned into serial fraud offenders. JP Morgan is near the top of their ranks, with Goldman Sachs and Bank of America not far behind. Only Citigroup seems to have fallen out of favor.
This is not news to any of the regular patrons of the Cafe, but it is good to see the mainstream media taking notice. Perhaps they might have a look at the silver manipulation investigation that the CFTC has been sitting on for over three years. Not to mention, the outrageous theft of customer money by MF Global and the banks.
Obama talks a good game and presents a moral face through the media, but an examination of his actions and his record shows that his administration serves the monied interests to the detriment of the public interest. In many cases, they are merely following the same practices begun in the Clinton Administration and carried on by Bush. It is a bad situation indeed when the "reformer" elected by the people has...
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More on the big banks:
Must-read: An open letter to JPMorgan CEO Jamie Dimon
These are the banks that could crash the global economy
Forget mortgages... This could be the next HUGE bank scandal