Do you remember when our politicians promised to do something about the “too big to fail” banks? Well, they didn’t, and now the chickens are coming home to roost. On Thursday, it was announced that one of those “too big to fail” banks, Wells Fargo, has been slapped with 185 million dollars in penalties. It Read More…
Tag: too big to jail
“Too Big To Jail” — US Refuses To Charge HSBC Because It Could Hurt The Financial System
As it turns out, the rumors were true — HSBC escaped prosecution for money laundering because the behemoth bank was “too big to jail.” A U.S. Congressional report, entitled “Too Big to Jail: Inside the Obama Justice Department’s Decision Not to Hold Wall Street Accountable,” found officials in the U.K. applied the economic threat combined Read More…
Too Big To Jail
A Case Study On How Goldman Sachs And The Justice Department Colluded To Avoided Criminal Prosecution After The 2008 Financial Collapse Chances are that if you clicked on this article to read, you probably already know that government and big banks are heavily colluding behind the scenes. In fact, most people know this, even if Read More…