Top Wall St bank 'suspected Bernie Madoff 18 months before his scam was revealed - but kept doing business?A top Wall Street bank is said to have suspected Bernie Madoff was a crook more than 18 months before he was exposed as the world’s biggest swindler. But JPMorgan Chase executives continued to do business with the financier in spite of their concerns, according to a report today in the New York Times. The paper... |
It's no surprise to me. The big banks and brokerages have been engaging in that jiggery-pokery for a long time.
Those rotters need to be prosecuted - to date, not a single bank CEO executive has been called to the carpet for the fraud and corruption that went on for years. Some of them are still running those same banks, and collecting those outrageous bonuses.
Back in the '80s, people were clamouring for CEO and executive compensation, but the governments had a Reagan hangover, and resisted any kind of regulation over the private sector - and now we're paying for it big time. They're still resisting.
This information comes as no big surprise to me.
Business as usual, protect the companies assets, and screw the little guy.
