Time to call out the banks for underwriting this audacious fraud by selling billions of worthless points-Delta-Amex deal worth $7B For what?
Where are the banking regulators? Where is the SEC? Federal prosecutors? How can airlines thaf gutted awards programs be selling more points than ever? Unsurprisingly, Delta execs hiding under the desk in the face of questions. They’ll get back to us on the details? So will Enron. Time to target the banks for their partnership in this racketeering.