Yesterday, I posted a quick story about the lawsuit filed by NY Attorney General Eric Schneiderman against Barclays alleging. I’ve had a chance to read again and more carefully the complete complaint and there’s a bit more to say about the importance of this suit.
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Barclays"
“A case about fraud and deceit by one of the world’s largest banks”: The Barclays Crooks
Posted on 26 June 2014.
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Schneiderman Sues Barclays For FRAUD
Posted on 25 June 2014.
This won’t put any of the bankers in jail–a place some of them still belong–because its only a civil suit. But, glad to see this from New York State Attorney General Eric Schneiderman: he’s suing Barclays for fraud.
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The Thieves Keep Multiplying
Posted on 03 December 2012.
Ah, so many thieves, so little time. I’m not a big fan of fines that get thrown around as punishment for crimes. But, it’s worth keeping a tally anyway.
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JP Morgan Execs MUST BE JAILED, No Deals
Posted on 02 October 2012.
It is great that JP Morgan has been sued–and congrats to NY Attorney General Eric Schneiderman. But, we’ve seen this picture before: suits are filed and the executives who committed fraud or financial crimes or misconduct are NEVER–NEVER–held accountable. If we want real change–not phony, uplifting change–these people must go to jail. NO DEALS.
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Bank of America’s Execs Get $2 Billion Stay-Out-Of Jail Card
Posted on 29 September 2012.
Hey, Bank of America shareholder, how does it feel to have the executives deceive investors (in other words, lie), escape any personal responsibility for the lies, cause huge losses and, then, stick YOU with a bill for over $2 BILLION? Well, probably not a great feeling but, screw you, you are just an investor, not a coddled, overpaid executive who just got handed a stay-out-of-jail card.
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Bankers Skate AGAIN…Laughing All The Way to Their Mansions
Posted on 28 June 2012.
You don’t have to look further than the utterly pathetic game of repeated “stay-out-of-jail” cards handed the global banker elite to understand why people are pissed—whether in the U.S., Greece or pick a country. Time after time, the guys who cratered the economy, and robbed people of their jobs and wealth, are given a pass […]
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Hedge Funds Rake In More Than Banks
Posted on 03 March 2011.
This may not seem like an earth-shaking moment but it is a telling truth about where money flows, who controls it and how little ability we have to oversee the shadow banking done at the margins of our economy. From the Financial Times: The top 10 hedge funds made $28bn for clients […]
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