HooHa: Finally, A Few Bankers Face Criminal Prosecutions For Conspiracies
By Danny Schechter
Monday, December 24, 2012
Notice these violations of banking regulations are always presented as victimless crimes or crimes that only affect investors, never people who lose jobs or homes or how they impact on the economy worldwide.
Most of the coverage does not link all these financial crimes to the larger effect and impact they have had on the world.
Slowly, these concerns are working their way into the media but without much of the larger framework presented in a dire global economic report on just how deeply the world economy has been wounded.
The UN reported that it will take until 2017 before jobs come back to pre crisis levels, if they ever do. Global recession could easily deepen given the problems with the US, European and, now, the Chinese economies.