Banking on Accountability

This chapter explores the pervasive issue of fiscal accountability in major banking institutions, focusing on TD Bank's $3 billion settlement for historic money laundering practices. It critically examines the systemic failure of banks to address serious misconduct while reflecting on the absurdities of marketing in the context of financial crime. The discussion raises broader concerns about the implications of lax accountability for both society and the economy, especially in light of the connections between banking, drug trafficking, and political financing.