Just when you think bank fraud can't get any worse, they surprise you.
I'm sure the banks will be dealt with just as severely as they were the last time they engaged in massive fraud. Oh, wait: (Reuters) - Mortgage finance giants Fannie Mae and Freddie Mac may have suffered more than $3 billion in losses due to
Here's the part that makes me skeptical: They're going after "individual" traders? Are we really supposed to believe that this scandal doesn't go all the way to the top? Isn't this the sort of thing Sarbanes-Oxley was supposed to fix? Because
Dear DoJ: We Don't Want Financial Settlements, We Want Bankers Who Committed Massive Fraud To Go To Prison
The New York Times reports that the Justice Department has identified potential criminal wrongdoing at the center of the LIBOR scandal. One of the officials tells the Times they expect to file charges against at least one bank later this year,