Janet Tavakoli and Lauren Lyster discuss the widespread control frauds that permeate the US financial system, continuing after the financial crisis and Dodd-Frank, and epitomized by the reckless disregard for the employees and customers at MF Global as led by Jon Corzine.
Tavakoli has one word for the 'CEO defense' being parroted by the mainstream US media in this case. "Nonsense."
She has some fairly hard words for the Congress and the media in their coverage of the financial scandals.
