Mainstream Media Finally Awakens to the Fact that Big Banks Are Criminal Enterprises
by George Washington
Alternative financial media have noted for years that:
Fraud caused the Great Depression and the current financial crisis, and the economy will never recover until fraud is prosecuted
Criminal fraud is the main business model adopted by the giant banks. See this
Largely because they are out-of-control criminal enterprises, economy cannot recover unless the big banks are broken up.
The Obama administration has made it official policy not to prosecute fraud. Indeed, the “watchdogs” in D.C. are so corrupt that they are as easily bribed as a policeman in a third world banana republic.
Instead of prosecuting, the government throws money at them
As Nobel prize winning economist Joseph Stiglitz noted years ago:
“The system is set so that even if you’re caught, the penalty is just a small number relative to what you walk home with.