Crooked Bankers

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.