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This shows me that democracy and government still have power over international corporations and businesses, no matter how big their boots.
originally posted by: Revolution9
"Five of the world's largest banks are to pay fines totalling $5.7bn (£3.6bn) for manipulating the foreign exchange market."
- from the BBC News Site Record fines for currency market fix.
Ok, the U.S Government have flexed the muscles big time here and have managed to bring 5 of the world's largest banks to book for their financial crimes. It is a strange one when one looks deeper into this, but how deep you want to go is up to you. I am glad and not just for the obvious reasons. This shows me that democracy and government still have power over international corporations and businesses, no matter how big their boots. I would rather it be that way round to be honest, again for obvious reasons.
Regulation is vital! It would be utter chaos otherwise. Even in banking and finance where the biggest bad ass sharks do dwell there has to be some kind of order and law. One up for justice. I'm not being naïve, but on this level I like to see government keeping some kind of order and law and not just allowing corporate anarchy to reign like a beast of greed ravaging the earth with no moral restraint what so ever.