The most tragic part of this story is mentioned in the very first sentence.
And these are things that have only come to the surface. Who knows what other things are lurking in the shadows.
The Atlantic’s cover story for January and February is this really terrific piece that looks at the immense lack of transparency that banks have when it comes to how, why, and where banks are investing money, and how a recent slew of criminal activity banks have engaged in in the past couple of years (remember LIBOR? Or HSBC helping drug dealers launder money?) have caused not only the general public to lose their trust in banks, but elite investors who have the power to move markets as well.
Patrick Combs received a non-negotiable junk mail check for $95,093.35, and as a joke, decided to go to an ATM machine and deposit the check into his account. The crazy thing is that it worked.
WHY ARE THERE ZOMBIES ON THIS CREDIT UNION CONTEST AD?! A BILLFOLD INVESTIGATION.