TV News LIES

Friday, Nov 22nd

Last update05:20:13 AM GMT

You are here News Economy Now we know the truth. The financial meltdown wasn't a mistake – it was a con

Now we know the truth. The financial meltdown wasn't a mistake – it was a con

E-mail Print PDF

The global financial crisis, it is now clear, was caused not just by the bankers' colossal mismanagement. No, it was due also to the new financial complexity offering up the opportunity for widespread, systemic fraud. Friday's announcement that the world's most famous investment bank, Goldman Sachs, is to face civil charges for fraud brought by the American regulator is but the latest of a series of investigations that have been launched, arrests made and charges made against financial institutions around the world. Big Finance in the 21st century turns out to have been Big Fraud. Yet Britain, centre of the world financial system, has not yet levelled charges against any bank; all that we've seen is the allegation of a high-level insider dealing ring which, embarrassingly, involves a banker advising the government. We have to live with the fiction that our banks and bankers are whiter than white, and any attempt to investigate them and their institutions will lead to a mass exodus to the mountains of Switzerland. The politicians of the Labour and Tory party alike are Bambis amid the wolves.

More...


Most Recent Related Stories...


Trump can no longer impose 'Section 232' auto tariffs after missing deadline: experts

Auto tariffs can longer can be imposed The U.S. administration may have to find other means if Trump wants to tax European or...

Wall Street tumbles as trade war threatens U.S. economy

Wall Street tumbles amid trade warWall Street’s main indexes suffered their sharpest one-day declines in nearly six weeks on Wednesday after...

2019 deficit nears $1 trillion, highest since 2012: Treasury

Deficit nears $1 trillion The federal deficit for fiscal 2019 reached close to $1 trillion for the first time since 2012,...

Most Americans are living paycheck to paycheck, survey shows

Living paycheck to paycheck When you have a seemingly endless list of bills to pay and financial responsibilities to take...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!