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TOPIC: Wall St Corruption

Wall St Corruption 13 Jul 2012 13:36 #1

  • andyh
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finance.yahoo.com/blogs/the-exchange/sur...-pays-163407471.html

The financial services industry is nothing but a bunch of crooks, swindlers and con artists … at least in the view of many Americans. And it appears that this long-held but unfortunate stereotype may not be too far off the mark, according to survey results released this week by law firm Labaton Sucharow LLP.
In fact, things may be even worse than we realized.
The study, which polled 500 financial service professionals in the U.S. and United Kingdom, found that 24 percent of them believe that engaging in "unethical or illegal conduct" is necessary to succeed in finance, while 26 percent copped to having firsthand knowledge of shady dealings in their own workplaces. The survey also found that 39 percent of financial services workers believe their competitors have taken illegal or unethical shortcuts in their work. And remember, these respondents are speaking about their own chosen profession.
Just wait, it gets better.
A full 16 percent of respondents said they would commit a crime on the job (in this case, insider trading) if they knew they could get away with it. Sixteen percent! And what would motivate otherwise upstanding professionals to bend the rules to this extent? Not surprisingly, it all boils down to the money....

Continued on link above.

And bankers are the sort of people the govt expects to sign passport photos.
“Fascists are not human. A snake is more human.” - Hugo Chávez
Last Edit: 13 Jul 2012 13:36 by andyh.
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Re: Wall St Corruption 13 Jul 2012 13:44 #2

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wall street is a stock market ............essentially a big casino , if it was courrupted the main prepertators would be rich beyond belief
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