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Reply #22: quite a few! [View All]

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SixthSense Donating Member (251 posts) Send PM | Profile | Ignore Wed Oct-05-11 03:38 PM
Response to Reply #3
22. quite a few!
Outright fraud, many securities violations, insider trading, Sarbanes-Oxley violations, and many others.

Take HFT for example. It is illegal to submit an order to the market that you have no intention to fulfill, yet every major bank and many other operations have these HFT machines doing exactly that - on the order of thousands of times per second - every fucking day.

Also, how about perjury? Look up robosigning and foreclosuregate - quite a number of banks have each committed tens of thousands of counts of perjury in foreclosures, at least one bank has racked up a good 150,000.

These are not technical or incidental violations, they are in-your-face felonies that have become a normal part of doing business!
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