Thursday, May 5, 2011

Link of the Day: Global Corporate Crime Wave

This is the world we live in. Jeffrey D.Sachs writes about “The Global Economy's Corporate Crime Wave.” Welcome to the glories of capitalism, which is the core belief of Stephen Harper.

(“Money talks, and it is corrupting politics and markets all over the world….Every Wall Street firm has paid significant fines during the past decade for phony accounting, insider trading, securities fraud, Ponzi schemes, or outright embezzlement by CEOs. A massive insider-trading ring is currently on trial in New York, and has implicated some leading financial-industry figures. And it follows a series of fines paid by America’s biggest investment banks to settle charges of various securities violations.”)

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