Tuesday, January 17, 2012
William D. Cohan, Bloomberg
William D. Cohan, Bloomberg
The Wall Street Cartel
65 years ago, the U.S. government sued 17 major investment banks for colluding to subvert antitrust laws. The case was thrown out of court.
[Bloomberg] Today, while there is no inkling of an antitrust lawsuit against Wall Street, its cartel-like behavior is very much in evidence. The remaining banks have increased their hold over the marketplace and continue to collude when it comes to pricing their services.
It would be intersting to learn how deep the ties are to Wall Street within the federal judiciary.
Read Full Bloomberg Article
Posted by Editor on 01/17/12 at 05:29 AM •
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