All Posts Tagged With: "bank fraud"
The Day of the State Super-Scrounger
Last October as the full scale of the banking melt-down was emerging, I wrote:
Given the obvious toxicity of these portfolios, it seems that greed must have triumphed mightily over discretion, now that it has become clear how widely and on what an enormous scale these hopelessly dud securities were being accepted. Immoral certainly, fraudulent probably, and criminally incompetent, the culprits must be identified and chastised, in the UK and in the US.
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