2011/02/10

'Overconfident' IMF downplayed risks

A damning report on the International Monetary Fund's failings in the run-up to the global financial crisis has blamed "groupthink" and "intellectual capture" for the inability of the Washington-based organisation to spot Britain's looming banking crash. guardian


JP Morgan Chase accused of turning a blind eye

Madoff, one of the most respected investment advisors on Wall Street who defrauded thousands of investors in a pyramid scheme of 60 billion dollars, some of the money run by investment bank JPMorgan Chase.

“While many financial institutions have encouraged fraud Madoff, JPMorgan Chase was right in the center of the scheme and is guilty of complicity,” reads the legal complaint filed by reperzentantul losers to court in New York. financial-magazine

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