Regardless of efforts by banks to prevent public exposure of the extent of criminality in some of the largest financial institutions, inadvertent filing by an attorney for these institutions, disclosed evidence of deliberate "Naked Short Selling". The evidence of criminality has been overwhelming all along, but criminal prosecution of the perps is yet to take place... Failure to enforce banking regulation is likely to prolong the current crisis and exacerbate its ill-effects.
The chances of the law being enforced on Bank of America or Goldman Sachs in a California court (or a US court for that matter) is slim, regardless of the facts or the law...
 M. Taibbi, Accidentally Released - and Incredibly Embarrassing - Documents Show How Goldman et al Engaged in 'Naked Short Selling', Rolling Stones, May 15, 2012
 K Gullo, Goldman, Merrill E-Mails Show Naked Shorting, Filing Says, Bloomberg, May 17, 2012
 M.V., Short-selling litigation, An enlightening mistake, The Economist,
May 15th 2012
In: World News, Regional News, Other News, Politics
Tags: Goldman Sachs, Bank of America, Criminality
Location: Los Angeles, California, United States (load item map)
Marked as: approved
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