3 ms·
I think some further case history would help nail your case. Sadly I don't have it on hand but the assertion above that miss-selling isn't lying is invalid. Mi
by intended 14y ago
I think some further case history would help nail your case.
Sadly I don't have it on hand but the assertion above that miss-selling isn't lying is invalid.
Miss selling is just a way to put it across creatively without getting decimated in the press.
Aside from that there are clear cases where the banks lied.
Frankly the only thing that saves them is the inability of other intelligent people to believe that this actually happened. "no it couldn't possibly be that! People are just grinding their axes."
Except every time you hear of the banks in the news they've managed to pull off yet another scam, which just got out in the open.
You know the one simple thing which we should stop offering banks? The option to just pay the fine and get out of a trial.
Barclays got fined - but it's not stood trial - they fessed up, and got off on good behavior.
Only Goldman recently was arrogant enough to believe that they could win a case in court.
Ah cases: the magnetar trade, and abacus.
http://www.propublica.org/article/the-magnetar-trade-how-one-hedge-fund-helped-keep-the-housing-bubble-going http://www.propublica.org/article/the-magnetar-trade-how-one...