The Banksters

From Bloomberg News:

JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and UBS AG were among more than a dozen Wall Street firms involved in a conspiracy to pay below-market interest rates to U.S. state and local governments on investments, according to documents filed in a U.S. Justice Department criminal antitrust case.

Banksters conspiring to commit fraud against their clients.

Gee, who'd a thunk?

II believe that UBS is the criminal enterprise that Phil "America is a Nation of Whiners" Gramm was representing during his last years in the Senate and which he went to work for after he quit being a senator. He might have been arrogant enough to have left his fingerprints over this mess.

(H/T)