Saturday, November 16, 2013

Vietnam Sentences Two Bankers to Death for Fraud

A Vietnamese former banker and his business associate have been sentenced to death for their part in the embezzlement of $25 million, state media has reported.

The pair were among 11 defendants in the nine-day trial in Ho Chi Minh City, state media reported on Saturday, in a case that has highlighted Vietnam’s efforts to show it is stamping out corruption in the face of widespread public anger over the issue.

Meanwhile back in the states, Goldman Sachs this week named 280 new capos managing directors .


  1. And Reuters reports, "Former U.S. Treasury Secretary Timothy Geithner. . .is joining private-equity firm Warburg Pincus as president and managing director, the firm said on Saturday."

  2. This approach would cut the bankers employed in the New York City area alone by 25%.
    Might bet would be, if we used this approach, never another banking crisis.