Pam Martens: Millions of Americans Pushed Into No-Law System by Colluding Banks »
Posted By Radiofreeeuropa 4 months, 2 weeks ago in Business & Finance
When you work for Wall Street you enter a twilight zone where the financial elite make their own laws and run their own private justice system to carry out those laws. (Arbitrators, even outside of Wall Street, are not required to follow the nation’s laws or legal precedent or write a reasoned decision based on those laws.)
Typically, Wall Street employee claims were arbitrated by the National Association of Securities Dealers (NASD), now known as FINRA, where current or former industry personnel routinely sit as judge and jury.
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Radiofreeeuropa
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Radiofreeeuropa4 months, 2 weeks ago
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Wall Street clearly understands that corruption and collusion are actual profit centers inside the firms. Steal a billion, pay back a few million, and never admit or deny guilt. There’s only one catch: you have to keep the court house doors closed to whistleblowers, customers that you’ve defrauded, and those prying eyes of plaintiffs’ lawyers who have the audacity to ask about your clandestine meetings with "competitors".
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riverdog4 months, 2 weeks ago
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Excellent article. I hope she lives to continue her work. Regardless of which industry, banking, insurance, health care, military industrial complex etc., the path to uncovering corruption (as intentionally hidden as it may be)is to simply FOLLOW THE MONEY.
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