One of the most important financial regulators in America just announced his new plan for reining in white-collar crime. It doesn't look good.
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.
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.
Blowing the lid off of the conspiracy to impoverish the world.