'Someday, it will go down in history as the first trial of the modern American mafia. Of course, you won't hear the recent financial corruption case...called anything like that.'
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The trial reporting and interpretation here provides a landmark exposure of Wall Street financiers and an example of organized crime. Taibbi writes engagingly, as usual.
In most cases, towns and cities, called issuers, are legally required to submit their bonds to a competitive auction of at least three banks, called providers. The scam ...
In the years since the economic crash of 2008, we’ve seen numerous hints that such orchestrated corruption exists. The collapses of Bear Stearns and Lehman Brothers, ...