it takes time but is this the road map of the end of an era?

As reported by Bloomberg http://www.businessweek.com/articles/2013-11-14/2014-outlook-banks-face-investigations-and-litigation

the initial roadmap for the litigation burden that banks are facing.

It is said that white collar crime in Wall-Sreet and among the banksters’s community has been a highly lucrative business. Apparently… a ratio of 5 to 1.  Maybe…. things are a going to start to change when examining at the following litigation burden that banks are facing.  It’s time to have a shift of power from the TBTF who controls more than 80% to a more “UTILITIES STYLE” banking model which serve better the interests of society instead of the few 0.1% (oops.. 1%?)

let’s enjoy the show

 

Banks Face a Storm of Investigations and Litigation

By  November 14, 2013

      
 

Forecast: Continuing investigations, penalties, settlements, and indictments. Additional lawsuits filed on behalf of investors will drag on for years. Here are some details.

Foreign Exchanges

Regulators are looking into whether currency traders have conspired through instant messages to manipulate foreign exchange rates. The currency rates are used to calculate the value of stock and bond indexes.

Energy Trading

Banks have been accused of manipulating energy markets in California and other states.

Libor

Since early 2008 banks have been caught up in investigations and litigation over alleged manipulations of Libor.

Mortgages

Banks have been accused of improper foreclosure practices, selling bonds backed by shoddy mortgages, and misleading investors about the quality of the loans.

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