Too Big to Jail!?

Today’s chart requires very little explanation.

Criminal fraud prosecutions of financial institutions have been on the decline since 1999.

 

The Global Financial Crisis revealed piles of dirt under financial institutions’ rugs… No-doc ‘liar’ loans pushed by mortgage companies… securitized bundles of subprime mortgages (AAA-rated, somehow!) pushed by investment banks… Insider trading – among hedge fund managers, and members of Congress (maybe).

But instead of punishing institutions responsible for real, past transgressions… we merely heard tough talk aimed at future transgressors.

C-suite executives got grilled on Capital Hill. Ratings agencies were publically ridiculed. Congress policed itself through the STOCK Act.

Yet we saw no increase in criminal fraud prosecutions. Why?

Maybe it’s the size of the problem.

Is this a case of ‘too big to jail!?’

Dow Heading for Historic Drop – Take Immediate Action

World-renowned economist Harry Dent now says, “We’ll see an historic drop to 6,000… and when the dust settles – it’ll plummet to 3,300. Along the way, we’ll see another real estate collapse, gold will sink to $750 an ounce and unemployment will skyrocket… It’s going to get ugly.”

Considering his near-perfect track record of predicting economic events long before they occur, you need to take action to protect yourself now. Get the full details…

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Categories: Economy

About Author

Adam O'Dell has one purpose in mind: to find and bring to subscribers investment opportunities that return the maximum profit with the minimum risk. Adam has worked as a Prop Trader for a spot Forex firm. While there, he learned the fundamentals of trading in the world’s largest market. He excelled at trading the volatile currency markets by seeking out low-risk entry points for trades with high profit potential. An MBA graduate and Affiliate Member of the Market Technicians Association, Adam is a lifelong student of the markets. He is editor of our hugely successful trading service, Cycle 9 Alert.