Iceland tells unsavory global bankers to hit the road, it’s about time.

http://www.thestreet.com/story/11665082/1/iceland-was-right-we-were-wrong-the-imf.html?obref=obinsite

Former Morgan Stanley advisor gets 9 months for bribery, do not pass go.

http://www.advisor.ca/news/former-morgan-stanley-advisor-goes-to-prison-87467

Turns out banks actually do play an important role in the economy, it’s called lending.

http://www.businessweek.com/articles/2012-08-14/the-vital-link-between-banks-and-jobs#r=nav

The axe continues to swing on Wall Street, as firms are running out of ways to invent profits.    

http://money.cnn.com/2012/08/15/investing/wall-street-layoffs/index.html?iid=Popular

ETF’s appear to be setting up as the next market bubble, proceed with caution.

http://www.etftrends.com/2012/08/index-providers-take-on-active-management-with-etfs/

In a shocking turn of events, Bank of America cutting loose non-U.S. Merrill Lynch units.  

http://www.bloomberg.com/news/2012-08-10/julius-baer-said-near-deal-to-buy-merrill-non-u-s-wealth-units.html

The Justice Department lets Goldman Sachs walk away from the biggest financial crime ever committed.

http://www.stuff.co.nz/business/world/7452253/Goldman-Sachs-off-the-hook-with-US-regulators

Turns out all the doom and gloom is actually a raging buy signal. This meeting never happened.

http://www.businessinsider.com/bob-farrell-stock-market-sentiment-indicator-bullish-2012-8

Turns out all the doom and gloom is actually a raging buy signal. This meeting never happened.

http://www.businessinsider.com/bob-farrell-stock-market-sentiment-indicator-bullish-2012-8

Taxpayers get the finger from Washington, again.

http://www.forbes.com/sites/boblutz/2012/08/08/a123-goes-chinese-will-washington-learn-it-cant-mandate-a-market/