The Future of Big Finance: A Discussion with Anastasia Nesvetailova
New Books in Critical Theory
00:00
The Systemic Risk Management of the US Banks
This is criminal activity, you cannot forge document. One of the stunning things in your book is these accounts of very major financial institutions instructing their staff on how to forge signatures in the US. There is another British bank that was implicated in a very strange deal. It was Northern Rock and its own kind of securitization scheme was discovered to be owned by a down syndrome charity - Newcastle. And when I asked my friends and colleagues in the industry, what do you think about that? This is a charity being used for a Securitization Scheme. They had no idea they owned a bank or a financial structure.
Transcript
Play full episode
