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by TheOtherHobbes 3361 days ago
The real scandal is that economics - and especially banking - is in no small part lies, fraud, corruption, criminality, and bullshit.

I've lost count of the number of economic scandals over the last few decades in which the banking system has played a central part.

Whether it's price fixing PMs

http://www.reuters.com/article/deutsche-bank-lawsuit-metals-...

the Libor scandal

https://en.wikipedia.org/wiki/Libor_scandal

the obvious high-level links to money laundering

http://www.bbc.co.uk/news/business-36768140

(and many, many more) it's obvious that banking isn't exactly the sober and reputable business it tries so hard to pretend to be.

Any other industry with this level of systemic corruption would be closed down and cleaned out.