Originally published at: https://boingboing.net/2018/12/18/schadenbanker.html
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Goldman Sachs denies culpability, saying that they believed the prime minister and his officials when they told Goldman Sachs’s compliance department that what they were doing was legal.
And that tells you pretty much everything you need to know about why our system is so badly broken.
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At least the movie database appears to be safe, for now.
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I don’t think any Malaysian Government is significantly better than the one which precedes it. Maybe they get slightly better over time. Its just that the new mob (which are just an old mob, reorganized), saw an opportunity, and probably got a little pissed about not thinking of it first.
(part time Malaysian here).
Let it begin: the jailing of financial fraudsters at the highest levels.
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Goldman execs: uh…can’t we just throw a bunch of money at this and make it go away?!
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“Now the government has accused Goldman Sachs of criminal complicity in the scandal. Goldman Sachs denies culpability, saying that they believed the prime minister and his officials when they told Goldman Sachs’s compliance department that what they were doing was legal.”
You’d think the job of a compliance department would be to do some checking themselves.
But then again, I’m not a banker.
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