Perdido 03

Perdido 03

Tuesday, April 30, 2013

If Only Bankers Were Treated Like Teachers...

From NBC News, an administrator is arrested for cheating on Regents exams:

A department head at a New York high school has been accused of changing two students' answers on state tests to give them a passing grade.

The Westchester County district attorney says 54-year-old Allison Risoli of Peekskill was arraigned Monday on false-document charges.

A call to Risoli's attorney was not immediately returned.

The district attorney said Risoli altered answer sheets for January exams in history and geography several days after the tests were taken at Peekskill High.

Meanwhile in the HSBC money laundering case:

BILL MOYERS: You’re working on a story right now that’ll come out in a couple of weeks on the HSBC settlement. That’s the, tell me about that, why it interests you.
MATT TAIBBI: Well, the HSBC settlement was a really shocking kind of new low in the history of the too big to fail issue. HSBC was a serial offender on the money laundering score. They had been twice given formal cease and desist orders by the government. One dating back as far as 2003, another one in 2010 for inadequately policing the accounts in their system. They laundered over $800 million for cartels in Colombia.
BILL MOYERS: Drug cartels?
MATT TAIBBI: Drug cartels in Colombia and Mexico. They laundered money for terrorist connected banks in the Middle East. Russian gangsters. Literally, you know, I talked to one prosecutor who’s, like, “They broke basically every law in the book and they did business with every kind of criminal you can possibly imagine. And they got a complete and total walk.” I mean, they had to pay a fine.
BILL MOYERS: $1.9 billion, a lot of money.
MATT TAIBBI: It’s a lot of money. But it’s five weeks of revenue for the bank, to put that in perspective. And no individual had to suffer any consequences at all. There were no criminal charges no individual fines, which was incredible. Incredible.

Incredible indeed.

If only these bankers who laundered the drug money had changed some answers on a Regents exam - then they'd face some accountability.


  1. TeachmyclassMrMayor(andyoutooMrMulgrew)May 1, 2013 at 4:52 AM

    I would leave a comment, but really, what is there to say?

    1. Not much to say really. The way each of these alleged "criminals" were treated says it all.

  2. And these are the types of,organizations that are pumping money into Ed. Reform...

    1. Yup - they push accountability for teachers, non-accountability for bankers. I have hit on this again and again - Cuomo did not indict even one banker responsible for '08, but he's indicted EVERY teacher for the ills of the system with APPR.