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October 20, 2017 | CBC: Abacus Bank: Small Enough to Jail

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

This expose is disturbing and worth watching. The largest investment bank executives remain ‘too big to jail’ today, and are still queering, even writing, public policy in their favor, while effectively buying off the regulatory and legal response to their ongoing malfeasance. As a result, only small players face personal liability and, in some cases, make convenient scapegoats.

Massive fraud by several of the biggest U.S. banks took the global economy to the brink of collapse in 2008. But only one small bank was ever prosecuted for fraud.

Here is a direct video link.

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October 20th, 2017

Posted In: Juggling Dynamite

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