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  •  Financial crisis: finally, prosecution of a bank! (5+ / 0-)
    [Manhattan DA Cyrus] Vance’s office is prosecuting a bank for its alleged role in the housing market meltdown. Note “a” bank, as in singular. While the entire financial world crashed, Vance is going after a small, family-run bank that serves New York’s Chinese immigrant community.

    Yeah, that’s totally who I’d blame for the crisis too.

    . . .

    The bank in question is Abacus, a bank so small that at its peak it boasted a mere $282 million in assets. Abacus served the close-knit community of Chinese immigrants in New York looking for a bank that can work with Mandarin speaking clients.

    http://abovethelaw.com/...

    The Dutch kids' chorus Kinderen voor Kinderen wishes all the world's children freedom from hunger, ignorance, and war.

    by lotlizard on Sat Apr 13, 2013 at 12:13:06 PM PDT

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