Where is Elizabeth Warren When You Need Her?

Apr 2013
36,150
24,583
Left coast
#1
Many on Wall Street say it remains untamed

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In the study, to be released Tuesday, about a third of the people who said they made more than $500,000 annually contend that they "have witnessed or have firsthand knowledge of wrongdoing in the workplace."

Just as bad: "Nearly one in five respondents feel financial service professionals must sometimes engage in unethical or illegal activity to be successful in the current financial environment."
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Not much else to say.

Many on Wall Street say it remains untamed
 
Nov 2012
40,148
11,612
Lebanon, TN
#4
And yet the tea baggers in congress want to DO AWAY with what little regulation we have !!!!!!!! So fuck us all very much !!!
Because it isn't working... 89 billion dollars is going to wall street each and every month since March of 2009... (above and beyond T.A.R.P. and Stimulus money).

Tea party says if they fail they fail..
 
Jun 2013
5,630
1,726
Katmandu
#5
Things will never change as long the DOJ and SEC allow violators to pay their way out of jail time using other investor's cash.

Put some people in jail for change!

Big banks plead guilty, fined $5.7B on rate rigging


Five of the world's largest banks, including JPMorgan Chase and Citigroup, were fined roughly $5.7 billion, and four pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said Wednesday. (Tweet This)

A fifth bank, UBS, will plead guilty to rigging benchmark interest rates, the U.S. Justice Department said.