Wednesday, 20 February 2013

Les Leopold: Is Wall Street's Business Model Corrupt?

http://www.huffingtonpost.com/les-leopold/wall-street-business-model_b_2665597.html

Les Leopold

Author, "How to Make a Million Dollars an Hour" (Wiley 2013)

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Is Wall Street's Business Model Corrupt?

Posted: 02/12/2013 4:37 pm


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"Given the scope of the allegations to date, we are not talking simply about the occasional corrupt individual. We are talking about something verging on a corrupt business model." -- U.S. Attorney Preet Bharara, NYT, May 27, 2011

As the evidence mounts, the raison d'être for Occupy Wall Street is proving correct. Much of high finance, it seems, is based on a "corrupt business model." Here's

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