The FBI today released an overview of the problem of white-collar crime throughout America and their response to it in our latest Financial Crimes Report to the Public. The report—which covers the period from October 1, 2009, to September 30, 2011—explains dozens of fraud schemes, outlines emerging trends, details FBI accomplishments in combating financial crimes (including major cases), and offers tips on protecting yourself from these crimes.
So, excessive greed, for a lack of a better word - is NOT good. [Turn up the volume]
FBI: How To Contact Us
But, according to NY Times Dealbook - the intense focus on insider trading has drawn criticism from outsiders, who call it a distraction from more important crackdowns. On the heels of the financial crisis, which crippled the global economy, the government has filed few cases tied to wrongdoing at the major banks and lenders that prompted the upheaval.
ReplyDeleteAmen! I couldn't agree with you more. But when the 1% runs the show, whaddya gonna do? This is their way of corruptly trying to restore faith in the system, and unfortunately, it'll probably work.
ReplyDeleteSeems like the loudest complainers of the government's increased intervention into white-collar crime are the lower-level criminals who haven't yet been admitted into the One-Percent Club.
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