May 212013
 
 May 21, 2013  Posted by at 12:48 pm financial  Add comments
ad3

 

Top economist Jeffrey Sachs says Wall Street is full of ‘crooks’ and hasn’t changed since the financial crash of 2008, says

The Independent in April 2013 (One of the UK’s leading newspapers)

http://www.independent.co.uk/news/world/americas/top-economist-jeffrey-sachs-says-wall-street-is

One of the world’s most respected economists has said Wall St is full of “crooks” and hasn’t reformed its “pathological” culture since the financial crash. Professor Jeffrey Sachs told a high-powered audience at the Philadelphia Federal Reserve earlier this month that the lack of reform was down to “a docile president, a docile White House and a docile regulatory system that absolutely can’t find its voice.” Sachs, from Columbia University, has twice been named one of Time magazine’s 100 Most Influential People in the World, and is an adviser to the World Bank and IMF. “What has been revealed, in my view, is prima facie criminal behavior,” he said. “It’s financial