Wall Street

The Criminal Semi-Legal Stuff That Wall Street Does

If you want to open an investment account with any of the major Wall Street firms, you have to sign away your right to the nation’s courts and agree to accept mandatory arbitration with the Financial Industry Regulatory Authority, Inc. (FINRA).
What is FINRA? FINRA is a private corporation that acts as a self-regulatory organization for member brokerage firms and exchange markets. So you, the small investor, doesn't have access to public courts, or have the right of appeal.

Wall Street is back to the same scams, but with different words

It doesn't take a genius to predict this outcome.
Almost no bankers got thrown in jail for systemic fraud, and few bankers lost their jobs for making stupid loans.
So with no consequences, why not do it all again but repackaged, amirite?

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