Two New Fraud Deals Show Wall Street’s Washington Insiders At Work

By Richard Eskow | January 8, 2013


It must’ve been like old home week when the old gang of Wall Street and Washington insiders finalized a couple more cushy settlements last week.

Everybody knew the drill: Ignore the potential criminal charges and agree on settlement figures they think the public will swallow – figures that are big enough to sound impressive but far smaller than the banks’ ill-gotten gains.  They’ve done this dozens of times before.

But there was an empty chair at the negotiating table.