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As you know at Money Morning, we're always alerting you to the latest incidents of corruption - especially the increasingly damaging moves out of Washington:
- The U.S. Government Accountability Office (GAO) would have us believe these banks are no longer receiving a subsidy, according to their August report. But the six "too big to fail" banks that got bailed out by U.S. taxpayers are all bigger now than they were before the crisis they helped cause. In fact, the "Big Six" account for about half of the $2 trillion in banks' new assets from 2009 to 2014. The GAO's lying to Americans, and there's only one way to break this government-big bank alliance...
- The U.S. Securities and Exchange Commission (SEC) has cause to believe that someone in the federal government leaked inside information to a certain Washington-based investment research firm. The agency has been investigating for months now, but just in September, there's been an alarming new twist in the probe...Here's the latest in the Washington-Wall Street "corruption corridor" saga...
- Today's Washington will never bring charges against the major Wall Street criminals - criminal charges, that is. Instead, you can find the worst offenders jetsetting around the world with luxurious accommodations. For instance, former Bear Stearns CEO Jimmy Cayne has two Manhattan residences, a vacation house on the Jersey shore, and a $3 million condo in Boca Raton. Lehman Brothers CEO Dick Fuld has three homes - and and half a billion dollars he walked away with after the subprime crisis. There's just one simple reason why these Wall Street thugs will never be criminally charged...
Check out Money Morning Capital Wave Strategist Shah Gilani's free weekly newsletter, Wall Street Insights & Indictments - he'll show you how Wall Street's high-stakes game is really played. And he'll show you how to win it.