Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts

Thursday, January 27, 2011

Taxpayers to Goldman Sachs: Give Us Back Our $3 Billion You Stole

Wall Street corruption, detailed blow by blow, in commission report - and still no one goes to jail.



Cropped image of Phil Angelides, taken from Fi...Image via Wikipedia






From Denny:  Wall Street recklessness, detailed in a report released today, outrages every American - and the world that trusted them.  The Financial Crisis Inquiry Commission, that delivered this scathing 633-page report, warns us about this current level of regulatory negligence from our government could create a similar scenario as what happened in the 2008 financial crisis.



The hefty 633-page report



This report is no fly weight. This commission got serious and immersed themselves in a mountain of literally millions of e-mails, testimony transcripts and more documents from which they drew their conclusion. Officials at regulatory agencies, The Securities and Exchange Commission in particular, investment banks, credit rating companies and mortgage lenders were all investigated and given no quarter for their outrageous negligence and actions, or worse, inactions.



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