patrick.net

There are 2 legal systems: A. Banking elites legal system. B. Peon legal system.

Are you discouraged see this? You cant blame peon citizens evading taxes.

#1) Banking Exec say wrongdoing is OK.
A quarter of Wall Street executives see wrongdoing as a key to success, according to a survey by whistleblower law firm Labaton Sucharow released on Tuesday.

In a survey of 500 senior executives in the United States and the UK, 26 percent of respondents said they had observed or had firsthand knowledge of wrongdoing in the workplace, while 24 percent said they believed financial services professionals may need to engage in unethical or illegal conduct to be successful.

It is ok to package mortgages to sell as high yield bonds and lie about its AAA rating.

#2). Saves are punished. Banking elites get bonuses.
Spain to inflict billions of euros of losses on small savers by wiping out certain types of bank debt.

The bailout conditions for Spain’s banks would force any lender taking aid fully to write off their preferred shares and subordinated bonds. The bailout conditions for Spain’s banks would force any lender taking aid fully to write off their preferred shares and subordinated bonds. (source: Spain pressed to inflict losses on savers - FT.com)

How much interest are you getting from your savings account?

#housing