Basically what this article is trying to imply is, for the millions that were lost in risky loans and misuse of money, there was no real punishment. The people that owned The Federal Reserve Bank in New York, Manhattan simply walked away without even a slap on the wrist. Remembering, that this bank sees over thousands, if not millions of banks across the nation. Many financial workers that directly effect the economy were put onto trial, and later dismissed of the charges. Which leaves the question, why are the people who messed up our economy, still working in out bank systems today?
Link: http://www.msnbc.msn.com/id/42592018/ns/business-us_business
Morgenson, Gretchen, and Louise Story. "In financial crisis, no prosecutions of top figures." msnbc.com. The New York Times, 4/14/11. Web. 14 Apr 2011. <http://www.msnbc.msn.com/id/42592018/ns/business-us_business>.
No comments:
Post a Comment