bank fraud
Can Bank Fraud Cases Harm the Economy?
The recent string of lawsuits pressed by the government against the country’s big banks might have been unheard of in the days of King Solomon, but the wise king’s words on evildoers and liars still apply. The ways of the Lord include wisdom and “keeping the paths of justice, and guarding the ways...
Caught in Snares, Bank of America Pays Up Again
“The unjust will be caught in their own snares,” says King Solomon in Proverbs 11:6. And the wise King’s famous comment on the wisdom of right living still holds true, as yet another bank fraud settlement finds US megalender Bank of America caught in another multimillion dollar snare of its own...
Fannie Mae’s Lawsuit Exposes Banking’s Wicked Plots
Among the things the Lord hates, as King Solomon tells us in Proverbs 6:16-18, is “a heart that deviseth wicked plots.” And a new lawsuit filed by mortgage megalender Fannie Mae against several major US and foreign banks for illicit acts involving international LIBOR rates points up the fact that...
No “Choice Silver”: More Apologies to Mortgage Fraud Victims
One of the hallmarks of leading a virtuous life blessed by God is dealing equitably and fairly with others, according to King Solomon. “The tongue of the just is as choice silver,” he says in Proverbs 10:20 – one of many proverbs critical of liars and deceivers. As the Federal Reserve issues yet...
Bank of America: More Scandals, None the Wiser
“A wise man shall hear, and shall be wiser; and he that understandeth, shall possess governments,” says the wise King Solomon in Proverbs 1:3. As the King points out repeatedly in those proverbs, wisdom comes from learning from past mistakes and accepting correction from those with more wisdom. But,...