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Posts Tagged ‘Stephen Hester RBS’

Libor Scandal: “Companies Do NOT Commit Fraud, People Do”

Posted by Larry Doyle on February 7th, 2013 6:19 AM |

What does it mean when news that one of the world’s largest financial firms pays a $612 million fine for behaviors that clearly smack of racketeering and nobody even blinks?

I will tell you what it means. It means that free market capitalism is losing, and cronyism in the financial system is simply becoming more deeply embedded. Do you disagree? (more…)






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