Friday, December 02, 2011

Action by Massachusetts Attorney General

I like to share this story about the legal action that is being taken by the Massachusetts attorney general against several large banks for deceptive banking practices. I applaud the action as it shows that there is accountability and that public officials are willing to take action to safeguard the interest of small consumers. Although American is the place where the bad financial practices originated, and spread around the world, there are still people there who have a sense of duty.

http://money.cnn.com/2011/12/01/news/economy/massachusetts_foreclosure_lawsuit/index.htm?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29

Singapore has followed America in adopting some of the bad practices, such as the bad financial products that were created and sold to consumers. It is time for the Singapore authority to realize that they also have a duty to the public and to stop the bad financial products from being marketed to defraud the public.



2 comments:

hyom said...

The whistle-blower on the robo-signing scandal has just been found dead yesterday before she can appear in court.

http://www.ocregister.com/articles/lawrence-329267-case-vegas.html

This is disgusting.

Jamesneo said...

Unfortunately, such people that view integrity and honesty as their worldview is becoming very scare.

When the world leaders in financial and political circles are dominated by corporate and political psychopaths, the world for the most of us 99% become very much more insecure.

http://jessescrossroadscafe.blogspot.com/2011/11/other-one-percent-corporate-psychopaths.html

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