Story about DOJ pressing banks to plead guilty shows ethically empty Wall Street culture. 2.9.15 story in NYT (“U.S. Is Seeking Felony Pleas by Big Banks in Foreign Currency Inquiry”)
“Once more, another story that shows traders’ disdain for investors–not to mention for honesty and fair dealing. The problem isn’t a few mid-level ‘rotten apples.’ It’s a fundamental cultural problem that’s ignored because it produces profits.”
