Institutional Abuse Quotes
Today, we assume that corporations including banks chartered by State and Federal governments would hire lobbyists and use their money for political elections. However, in 1833, that was so shocking to public morality that the President addressed it in his State of the Union Address and it was the subject of countless debate. Interestingly, the body politic was equally, if not more, shocked by the fact that the Bank was trying to manipulate public opinion. Jackson and the politicians of that day would take a very dim view of corporate activities today.
Hogarth had just presided over a trial of the authorities of the school. This was the first of a series of Canadian scandals of religious school sexual abuse for whites as well as Indians.
The then attorney general had begun a series of investigation which discovered that most of the major Wall Street brokerage houses were engaged in systematic frauds to cheat small investors. One dramatic fraud he uncovered was that the research expert analysts of major firms would recommend the stock of businesses that their firm was doing investment banking for even when they knew that the companies were not doing well or were even in deep financial trouble. See {627544}.