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

Posted on February 07, 2013 at 06:19 AM EST

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 [...]

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?

I think most people would much prefer the regulators and justice officials to forget the fines and simply collect and display the truth and all the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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