Why We're Losing Our Faith in Capitalism
Diane Francis
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Posted 09.12.2012
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Canada Business
Read More:
Oecd,
Barclays,
JP Morgan,
Dirty Money Havens,
Pew Research Poll,
Banks,
Money Laundering,
Secrecy Havens,
Hsbc,
Bank,
Capitalism,
Canada Business News
Another sordid example of banksterism -- money laundering -- surfaced this week accompanied, not surprisingly, by a blistering global poll that shows faith in capitalism is shrinking. The HSBC (Hong Kong and Shanghai Bank Corporation), the largest financial institution in Europe, revealed "major internal-control problems" and plans to apologize for its lapses next week to members of a U.S. Senate subcommittee into terrorist and trafficking money laundering.
