Seven Major Banks Pay Chump Change to Settle Lawsuit Over Lucrative Scheme
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.
VICE News and Reuters
The Trial of 'Tommy Chocolate,' the First Trader Convicted of Rigging Interest Rates
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.
The Risk of Climate Catastrophe Is So Severe, We Had to Break the Law, Say Activists
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 Wall Street Issue
The True Story of the ‘Greatest Corporate Failure in American History’
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.
Has the US Legal System Always Been Such a Joke?
Between paramilitary police and timid prosecutors afraid to pursue white-collar criminals, it's easy to be cynical about law and order in America.
Wall Street Criminals Are Still a Protected Class 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.
Is US Attorney General Eric Holder Ready to Put Wall Street Bankers in Jail?
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.