Tuesday, March 25, 2008

Russian Mafia in bed with Wall Street, CEO says

Every day, thousands of Americans look to invest their money in stocks, and many of them go through brokers and traders to simplify the process. Unfortunately, according to Overstock.com CEO Patrick Byrne, a majority of those purchasers will be victims of Wall Street's criminal tactics and will help line the pockets of corrupt brokers and lawyers.
Byrne provides more information on his website.

Wall Street is colluding in massive financial crimes against the United States, enabling hedge funds to loot pension funds in return for a share of the spoils. As a result, however, corporate governance has been shattered, firms destroyed, and our system brought to the brink of systemic failure. The institutions that should be stopping this (i.e., federal regulators and the financial press) have become pawns of those profiting from the crimes, and so have have remained indolent to the point of a cover-up.


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