Bank Fraud Will Continue Without Effective Punishment

Jamie Dimon, JP Morgan  Chase Co. Chairman and CEO Monday, June 23, 2014, at JPMorgan Chase Headquarters in New York. (Photo by Diane Bondareff/Invision for JPMorgan Chase/AP Images)

Jamie Dimon, JP Morgan Chase Co. Chairman and CEO Monday, June 23, 2014, at JPMorgan Chase Headquarters in New York. (Photo by Diane Bondareff/Invision for JPMorgan Chase/AP Images)

This is part one in a two-part series on bank culture that encourages fraud. You can read part one here.

As Democratic presidential candidates declare themselves, it’s a perfect time to see if they are aware of the extent of the continuous criminal activity of the banks, the sociopathic banking culture that emboldens it – and if they have any realistic policies for ending it.

We are unlikely to have enough personal experience to evaluate whether the total lack of any moral compass described by Michael

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