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Robert Diamond
Robert B. Reich: Coming soon to Wall Street, the biggest scandal yet
Robert B. Reich: Coming soon to Wall Street, the biggest scandal yet

Just when you thought Wall Street couldn't sink any lower -- when its excesses are still causing hardship to millions of Americans and its myriad abuses of public trust have already spread a miasma of cynicism over the entire economic system -- an even deeper level of public-be-damned greed and corruption is revealed. Sit down and hold on to your chair. Consider the most basic services banks provide you: You put your savings in a bank to hold in trust, and the bank agrees to pay you interest on it. Or you borrow money from the bank and agree to pay the bank interest on the loan. We trust that the banking system is setting interest rates based on its best guess about the future...

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