Skip to content

NEWS FROM UNDERGROUND

Menu
  • About
  • Books
  • Support
Menu

The financial meltdown was a mammoth CON

Posted on April 22, 2010 by MCM

Now we know the truth. The financial meltdown wasn’t a mistake – it was a con

The global financial crisis, it is now clear, was caused not just by the bankers’ colossal mismanagement. No, it was due also to the new financial complexity offering up the opportunity for widespread, systemic fraud. Friday’s announcement that the world’s most famous investment bank, Goldman Sachs, is to face civil charges for fraud brought by the American regulator is but the latest of a series of investigations that have been launched, arrests made and charges made against financial institutions around the world. Big Finance in the 21st century turns out to have been Big Fraud. Yet Britain, centre of the world financial system, has not yet levelled charges against any bank; all that we’ve seen is the allegation of a high-level insider dealing ring which, embarrassingly, involves a banker advising the government. We have to live with the fiction that our banks and bankers are whiter than white, and any attempt to investigate them and their institutions will lead to a mass exodus to the mountains of Switzerland. The politicians of the Labour and Tory party alike are Bambis amid the wolves.

Read more.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

  • “Brave New World” is satire. This is really happening.
  • “Zero carbon” is a rich man’s trick, to make the world safe for plutocracy (MUST-READ by a real environmentalist)
  • Pentagon freaks out as US military households view Russia sympathetically

Help News From Underground





"I am a one-man operation, although assisted greatly by volunteers, and, now and then, by people paid by others for one-time projects. There is no shortage of skilled, dedicated folks out there who want to help me. There is, however, nothing I can pay them with, unless you decide you can contribute something."

Please donate via the PayPal button above or via PayPal by email to: markcrispinmiller@gmail.com

Forbidden Bookshelf

Forbidden Bookshelf

Orwell Rolls In His Grave, featuring MCM – Buy the DVD



©2019 NEWS FROM UNDERGROUND | Built using WordPress and Responsive Blogily theme by Superb