Jaw-Dropping Crimes of the Big Banks

Originally posted  on Washington’s blog Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior. You Won’t Believe What They’ve Done … Here are just some of […]

Morgan Stanley Follows Goldman’s Lead And “Skips” Reporting December Losses

Let me put it this way: If we did the same we’d go to jail for fraud and embezzling. Goldman Sachs posted a profitable quarter by skipping December, during which it realized huge losses. Now Morgan Stanley is doing the same thing. Specifically, Morgan’s first quarter results report states: As a result of the change […]