Top positive review
10 people found this helpful
A Decent Man Exposes Indecent Corp Banking Practices that would send ordinary people to prison for years
on May 27, 2012
Couldn't stop reading this book. Mr Cruz presents an amazing account of World Banking, identity fraud and money laundering in a culture where breaking the laws and paying the fines is just the cost of doing business - no one seems to ever go to prison. (Mr Cruz writes that HBSC had over two billion dollars set aside just to pay fines). This type of behavior (apparently laundering money through bogus accounts) will never stop until the fines far exceed the level they currently are at. On Wall Street, the template for insider trading punishment is a fine three times the value of the illegal trade. Perhaps the same standard should be used in fines leveled against these Too Big To Fail banks.
Frankly, if I was in the banking business, running an ethical and legitimate bank or credit union, I'd be on the phone tmw begging this guy to come work for me. We need more people like Mr. Cruz to come forward and reveal the fraud and unethical business practices that have become prevalent in America today if we are to have a decent society.
Well done Mr. Cruz, I look forward to hearing about what comes next for you.