Thursday, December 12, 2024

Tag: the Senate’s Permanent Subcommittee on Investigations Focused on Crime on Wall Street; Since Then – Head in the Sand

From 2010 through 2014, the Senate’s Permanent Subcommittee on Investigations Focused on Crime on Wall Street; Since Then – Head in the Sand

by Pam Martens and Russ Martens, Wall St On Parade:

From 2010 through 2014, the most intractably corrupt industry in America – Wall Street – was the perpetual focus of the Senate Permanent Subcomittee on Investigations. The late Senator Carl Levin (D-MI) Chaired that Subcommittee throughout that span of time. Then Levin retired from the Senate in January 2015 and Wall Street’s name disappeared from hearings of that critical Subcommittee from 2015 through 2023 – a span of nine years.

Wall Street did not become less corrupt from 2015 through 2023 to warrant it falling off the hearing schedule of the Senate’s Permanent Subcommittee on Investigations. In fact, Wall Street became more corrupt. Financial watchdog, Better Markets, wrote the following in its detailed report in October on Wall Street mega banks’ unending crime spree: