petej + fraud   114

Secrets and Lies of the Bailout – Rolling Stone
So what exactly did the bailout accomplish? It built a banking system that discriminates against community banks, makes Too Big to Fail banks even Too Bigger to Failier, increases risk, discourages sound business lending and punishes savings by making it even easier and more profitable to chase high-yield investments than to compete for small depositors. The bailout has also made lying on behalf of our biggest and most corrupt banks the official policy of the United States government. And if any one of those banks fails, it will cause another financial crisis, meaning we’re essentially wedded to that policy for the rest of eternity – or at least until the markets call our bluff, which could happen any minute now.
finance  crash  crisis  bailout  banks  FRB  deception  BernankeBen  PaulsonHank  SummersLarry  reform  regulation  viability  corruption  fraud  secrecy 
september 2018 by petej
Manafort, Cohen, and Trump: The System Is Rotten - The Atlantic
What Trump has done, by consistently defending his criminal associates, and by attacking the prosecutions as politically motivated or corrupt, is make the implicit obvious: The little people go to prison, the big people do whatever they want. At least, most of the time. The surprise is not that Trump surrounded himself with advisers who committed crimes, or that Trump himself encouraged his advisers to flout the law. The surprise is the mere possibility that any of them will pay for it.
USA  politics  justice  ManafortPaul  CohenMichael  crime  corruption  fraud  wealth  power  TrumpDonald 
august 2018 by petej
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