Interview:
http://onpoint.wbur.org/2012/07/18/bankers
Somali pirates and piracy, pretty quiet this year we’re told. Wish
we could say the same about the world of big banks. From the gory
headlines week after week, the world of big banking can look like a
pirates’ jamboree. LIBOR rate rigging. Mexican money laundering.
London whaling.
Ponzi schemes and crooked deals and straight up theft and fraud.
It’s too much. It’s appalling. Giant HSBC in the hot seat now for
moving billions in drug lord money. Some days it feels like there are
Somali pirates in the world’s banking wheelhouse.
This hour, On Point: banking gone bad, and what to do about it.
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