William Black on JP Morgan and the Failure to Regulate Wall Street Fraud
Courtesy of Jesse's Cafe Americain
"It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident...And yet none
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