How could bank regulators and Congress, seven years after the greatest financial crash since the Great Depression, be allowing blatant conflicts like this to continue? (wallstreetonparade.com)
Despite its technical staff ruling in 2010 - 11 that Greece's foreign debts could not be paid and hence needed to be written off, its heads — first Dominique Strauss - Kahn and then Lagarde — acted in blatant conflict of interest to support the French bankers demands for payment in full, and U.S. demands by President Obama and Wall Street lobbyist Tim Geithner to insist there be no writedown at all. (michael-hudson.com)
He was shocked at the apparent blatant conflict of interest: they now had two potential buyers but apparently they had nobody who would provide the service (personal representation to protect their interest) that they had contracted for by signing the Listing Contract. (remonline.com)