BREAKING: Wall Street Is a Sinkhole of Corruption and Fraud

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The New York Times reports on the latest in Wall Street malfeasance:

With evidence mounting that a number of foreign and American banks colluded to alter the price of foreign currencies, the largest and least regulated financial market, prosecutors are aiming to file charges against at least one bank by the end of the year, according to interviews with lawyers briefed on the matter. Ultimately, several banks are expected to plead guilty.

….The charges will most likely focus on traders and their bosses rather than chief executives.

Ha ha ha. That goes without saying. Everyone knows that the CEOs of big banks know absolutely nothing about what’s actually going on in their banks.

In any case, I think we might all have an easier time from now on if we wrote stories explaining which areas of banking aren’t under investigation for collusion and gobsmacking levels of fraud and corruption. You know, just to save time.

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A BETTER WAY TO DO THIS?

We have an ambitious $350,000 online fundraising goal this month and we can't afford to come up short. But when a reader recently asked how being a nonprofit makes Mother Jones different from other news organizations, we realized we needed to lay this out better: Because "in absolutely every way" is essentially the answer.

So we tried to explain why your year-end donations are so essential, and we'd like your help refining our pitch about what make Mother Jones valuable and worth reading to you.

We'd also like your support of our journalism with a year-end donation if you can right now—all online gifts will be doubled until we hit our $350,000 goal thanks to an incredibly generous donor's matching gift pledge.

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