Thursday, April 14, 2011

Financial Snake Pit Rife with Greed, Conflicts of Interest, and Wrongdoing

Our economic collapse was...
"hardly a fluke occurrence, the meltdown was the product of a deeply corrupt financial system, one fueled by profit-hungry banks that deceived their clients, and overseen by lax regulators who were complicit in the firms' chronic abuse of the most fundamental rules of the game" - Carl Levin, chair of the Senate Permanent Subcommittee on Investigations
Read the report here.