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Email Trails Show Bankers Behaving Badly

An anonymous reader writes "The New York Times is running a pair of stories about U.S. financial institutions being investigated by the Federal government and courts for alleged systemic and illegal activities that helped bring about the housing crisis and collapse of the world economy in 2008. Emails produced during courtroom discovery reveal that insiders at JP Morgan Chase knew that the bundles of securities they were marketing to investors were rotten with bad loans. And emails show the credit rating agency Standard & Poor's (a division of McGraw-Hill) was determined to stop losing deals to its competitors by being too tough on the banks whose products they were evaluating."

2 of 251 comments (clear)

  1. Re:News for Nerds??!! by JustOK · · Score: 4, Funny

    It mentions email, and email is very techy. You need computers and stuff.

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    rewriting history since 2109
  2. Re:News for Nerds??!! by Lehk228 · · Score: 3, Funny

    Magic bullets are expensive and unnecessary; regular bullets will do just fine.

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    Snowden and Manning are heroes.