Morgan Stanley Bankers Sold Off ‘Shitbag’ CDOs With ‘Nuclear’ Capabilities To Clients: Emails

Money 1‘…..But at the same time, as Frontline reporter Martin Smith noted in an online chat today, many of the whistleblowers Frontline contacted had not been approached by the government for years, suggesting it was not exactly eager to bring charges…’  I will offer the reason is simple: The Attorney General of this administration is a Wall Street lawyer and the campaign contributions from Wall Street created a ‘fire wall’ that shielded them from prosecution.

courtroom…’So for now we will have to be satisfied with the pile of civil lawsuits mounting against the banks, which occasionally turn up email troves like this Chinese bank’s suit did. We can hope that some shred of this evidence will be enough to send somebody to jail, because the civil fines and settlements are hardly the cost of doing business for these banks — they are certainly not a deterrent against future malfeasance….”

Morgan Stanley Bankers Sold Off ‘Shitbag’ CDOs With ‘Nuclear’ Capabilities To Clients: Emails

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