Friday, December 14, 2012

Obama Trembles, HSBC Skates

There are more where this came from.

Democracy Now! interviews Rolling Stone's Matt Taibbi following the latest wrist-slap from the U.S. Department of Justice, whose advice to banksters is simple:  Do the crime, forget the time.

[12 minutes]

How do the mega-banks get away with serial malfeasance?  And why is the bad behavior not caught internally?  The Office of the Comptroller of the Currency recently evaluated corporate governance at the 19 largest U.S. banks.  Average grade:  D-.  Yves Smith at NakedCapitalism comments here.

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