OFF-THE-SCALE HYPOCRISY: FTX DID NOTHING WORSE THAN BANKS DO – UK COLUMN NEWS
Fri 12:35 pm +00:00, 25 Nov 2022Financial Times: Let Crypto Burn—as if the mainstream banking system were any less charlatan than the bust FTX was
FT’s charge sheet against FTX: “lack of transparency, misuse of customer funds, related-party dealings, weak corporate governance and acceptance of phantom collateral”—could just as well be a description of the City of London or Wall Street
Transparency International: Who doesn’t know the Cayman Islands is a great place to hide money?—FTX used the Bahamas but suited bankers use other Caribbean domiciles
City AM—Saturday Special: The biggest money laundering scandals in banking—litany of sins by a screed of high-street bank names
David Scott commentary: The rules brought in after each banking collapse are not our friend; they’re in place to protect the perpetrators
Sources: https://www.ukcolumn.org/video/uk-column-news-21st-november-2022 (extract)
https://www.bitchute.com/video/hItfcEoLKObM/
