Will Government Bank Mortgage Deal Help or Hinder Prosecutions?
This Real News Network segment was recorded before the deal was announced today, but the observations are still germane. Yves Q. Smith argues this is just kabuki theater for the masses (ahead of a general election, I would add). Clearly, the easiest way to get a good settlement is to investigate (and prosecute) first and to settle only with that stick as leverage.
Video below
About Edward Harrison
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.
