Seven of the world's biggest banks agreed to pay $324 million to settle a lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market.
Finally someone got prison time for destroying the worldwide financial system—but that doesn't mean anyone's fixed it.
The Man Responsible For Huge Government Blunders in Mexico Just Got a Seat on His Country's Supreme Court
Eduardo Medina Mora's office met with US officials over the failed "Fast & Furious" weapons smuggling program, reports say, capping a long list of scandals he's overseen — yet he keeps getting promotions.
Eleven climate change activists are refusing a plea deal in New York court and asserting a "necessity defense," hoping to bring attention to the role of Wall Street in financing fossil fuel interests.
The infamous AIG bonus controversy of 2009 was a rare moment when everyone in America was angry about the same thing. Today, thanks to a lawsuit being argued in Washington, we now know how comprehensively we were duped.
Between paramilitary police and timid prosecutors afraid to pursue white-collar criminals, it's easy to be cynical about law and order in America.
It's becoming a sort of monthly ritual for the US government to cut a deal with one of the banks that caused the 2008 financial crisis.
A fine leveled against Citigroup doesn't hold anyone accountable—it just demonstrates how toothless the government's pursuit of the financial criminals who ruined the economy has been.