NYTimes headline – Iran Sentences Four to Death Over $2.6 Billion Bank Fraud. Hmmmmm – Sharia or Islamic Law has more bite on white collar crime than in the US. This is the number one festering financial problem in the World. The top ranks of the Financial community in the US,and all the developed world, appear to believe they a)have no fiduciary trust obligations to their Muppets … uhhh clients; b)are above the law in cases of financial fraud and misdealing; or c)can bend the laws, regulations and Justice to their will with legal manoeuvring and straight out lobbbying or campaign funding bribes that turn Justice in their favour. Irony of ironies, only Islamic Iran can turn the fear of God on in the Financial Banksters.
Greedy Guts Itself
economic viewpoint, financial fiascoes / By Bernard Watcher 2 / November 16, 2007 September 20, 2008
economic viewpoint, financial fiascoes / By Bernard Watcher 2 / June 25, 2008 June 30, 2008