No Criminal Case Likely In $1 Billion Loss At MF Global; Is America Any Better At Policing Corporate Corruption Than China?
Created: Thursday, 16 August 2012 09:14
When will Wall Street enforcement get serious and start putting people in jail?
While we Americans love to point out at how corruption in China enables baby toys to be sold with lead in them, shoddy construction that ignores building codes, or pollution of the air and water, is America really any better at policing corruption?
We won’t clean up the crooked capital markets that caused the mortgage crisis and allowed Wall Street to get away with robbery until we hold people accountable for their actions.
No one has gone to jail for the mortgage crisis, which has cost Americans billions of dollars in losses and bailouts, not to mention widespread crisis in homes across the nation.
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