Today's Article
Why hasn't a single
major U.S. bank
executive been jailed
for the widespread
fraud that brought on
the global financial
crisis?
major U.S. bank
executive been jailed
for the widespread
fraud that brought on
the global financial
crisis?
The American Spark
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Was U.S. Financial Meltdown 'A Perfect Crime'?
By Cliff Montgomery - June 17th, 2010
It now seems clear the current global financial crisis
was the result of widespread fraud. And it appears
that the top criminals work on America's Wall Street.
So why hasn't a single high-level bank executive been
jailed for such hideous offenses?
"One of the reasons may be that key bank regulators...
have largely left it to the banks to report suspicious activity
themselves," stated the lead-in to a fine video report
created by The Huffington Post Investigative Fund.
Bank regulators of course are supposed to search for--and identify for possible prosecution--any instances of
fraud perpetrated at the nation's banks.
It's safe to say the Big Bankers have gotten away with "a perfect and successful crime," according to at least
one former financial regulator seen in the video.
If that's the case, then what will stop bankers and other financiers from performing similar crimes all over again?
Like what you're reading so far? Then why not order a full year (52 issues) of The American Spark
e-newsletter for only $15? A major article covering an story not being told in the Corporate Press will be
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By Cliff Montgomery - June 17th, 2010
It now seems clear the current global financial crisis
was the result of widespread fraud. And it appears
that the top criminals work on America's Wall Street.
So why hasn't a single high-level bank executive been
jailed for such hideous offenses?
"One of the reasons may be that key bank regulators...
have largely left it to the banks to report suspicious activity
themselves," stated the lead-in to a fine video report
created by The Huffington Post Investigative Fund.
Bank regulators of course are supposed to search for--and identify for possible prosecution--any instances of
fraud perpetrated at the nation's banks.
It's safe to say the Big Bankers have gotten away with "a perfect and successful crime," according to at least
one former financial regulator seen in the video.
If that's the case, then what will stop bankers and other financiers from performing similar crimes all over again?
Like what you're reading so far? Then why not order a full year (52 issues) of The American Spark
e-newsletter for only $15? A major article covering an story not being told in the Corporate Press will be
delivered to your email every Monday morning for a full year, for less than 30 cents an issue. Order Now!
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