Do you want to see corporate greed at work? Bank of America, Citi, JP Morgan Chase and a slew of other too big to fail banks across the USA have all engaged over the years in reprehensible behaviour to lie, cheat, deceive and get away with corporate crimes, while the US government has stood idly by watching and letting the banks get away with it.
Now, the pigs, cows, chickens and everything else have come home to roost. Is there a way out of this insanity? Yes, for Europeans, leave the common currency, get back to being a nation state with all of its privileges and advantages over the dead common market.
In Spain, most banks are under capitalised, which means they should be closed or taken over by the government. Invest in infrastructure and growth not in plugging up giant black holes. Greece is a perfect example of this ineptness.
Watch and learn, if you still know how to. Oh, and take all your money out of the bank.
How Bank of America Covered Up Fraud by Silencing Whistleblowers
Countrywide made life hard for an internal investigator, and a court ruled that when BofA took over, she was illegally fired in retaliation.
By intercepting the documents before they were sliced by the shredder, the investigators were able to uncover what they believed was evidence that branch employees had used scissors, tape and Wite-Out to create fake bank statements, inflated property appraisals and other phony paperwork. Inside the heaps of paper, for example, they found mock-ups that indicated to investigators that workers had, as a matter of routine, literally cut and pasted the address for one home onto an appraisal for a completely different piece of property.