Katrina vanden Heuvel: Time for ‘Banksters’ to be prosecuted - The Washington Post
“Banksters,” the cover of the Economist magazine charges, depicting a
gaggle of bankers dressed as extras off the “Goodfellas” lot. The editors were reacting to Libor-gate,
the collusion among traders of major banks to fix the London interbank
offered lending rate, the most recent, most obscure and the most
explosive revelation from what seems a bottomless pit of corruption in
global banks.
Once more the big banks are exposed in systematic fraudulent activity. When Barclays agreed to a $450 million fine for trying to rig the Libor,
its CEO offered the classic excuse: Everyone does it. Once more the
question remains: Will CEOs and CFOs, as well as traders, be prosecuted?
Or will they depart with their multimillion dollar rewards intact,
leaving shareholders to pay the tab for the hundreds of millions in
fines?
Nice to see the word "bankster" hitting the MSM.
No comments:
Post a Comment