Frauds in Financial industry - Part 1

This is regarding to the various frauds done in the financial industry, and industry itself is responsible for this. Greed for ever increasing margins and decreasing level of risk apetite combined with the lax attitude towards the regulatory framework makes it all happen.

And we give it name as great depression of 1930s', sweden banks failure 1992s',sub-prime and credit crunch 2008s' and this goes on in most of the country.

Has any one given a deep thought as to why these happen again and again in some corner of this world despite so called a new regulation comes after such occurence. Are we so greed or is there some thing else going on, which drives us to see such a situation. There should be some other factors also, except for greed.

These really are a stain on the financial sector which involves hard earned money of the poor people. Wait..Watit..hard earned money of people so called poor politician, religious head , landlords,dukes-monarchs-dictators,and corporate honchos.....

We must consider certain things before delving deep into this topic,

1) the money so put in the finanical sector is of the HNI which are none other than these so called politician or PEP(politically exposed person), it can be from isreal or india, libya or lebanon, anywhere of the world. These politician have the same creed and are never on the edge of extinction.

2)Religious head, from every corner of the world, these people try to force thier will, coercive other freedom in the name of religion and masses and accumulate wealth. Then this wealth is used to manipulation in the finacial sector.

3)Landlords, the most powerful person in the emerging markets, as per a recent study, what ever is generated by the emerging market, the landords and their real estate services swallow it all and in the bad times of the economy , they ask for certian help from the so called bank.

4)dukes-monarchs-dictators, as the name suggests they are age old tradition of the will and power in some one influential for a period of time. They usually get the money out of their respect and the fear. I will put robbers and the thiefs in this category as they do the same work.

5) corporate honchos, the best a man can create a fortune, in the name of ethics and values. These are the ones who are equally responsible for any failure in the financial sector. The difference between above categories and this one is, corporate honchos generate resvenues and the all 4 above eats it.

This is all the initial stage set for this "Frauds in Financial industry - Part 1"

Think on it, rest we will discuss this tommorrow with some wierd logic and strage examples, so that one reads it, he should say, truth is starnger than fiction..