Eric Holder

Insider

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Off The Cuff: Moral Hazard

The culprits (banks & corps) are protected from their crimes
Friday, July 20, 2018, 12:43 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Moral Hazard
    • We've unwisely insulated the banks from the repercussions of their actions
  • The Protected Class & Rising Populist Anger
    • In many ways, the elite today are above the law. And public resentment is brewing.
  • Global Debt Is Accelerating
    • Wherever the breaking point is, we're now going to hit it sooner
  • The Coming Tech Wreck
    • Faith in the FAANGs is higher than ever. That's dangerous.

By insulating the players from the consequences of their actions, we've created the incentive to take extreme risk in the puruit of extreme profit. Why shouldn't the banks manipulate the system if their worst punishment is a weak slap on the wrist?

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Podcast

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Bill Black: Why The Banksters Are Winning

Without effective prosecution, the banks are untouchable
Sunday, November 1, 2015, 2:42 PM

Bill Black, expert on Wall Street control fraud, returns to discuss the gross abuses of power rampant in our financial, political and judicial systems. In his estimation, regulation and enforcement of financial crimes have been completely gutted and de-fanged -- intentionally by corrupt politicians, and unintentionally by inept ones. All while the Justice Department turns a blind eye. » Read more