Quote by William Greider

In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.

In the deregulated realm of US banking and finance, crime do

Summary

This quote suggests that in the United States' deregulated banking and finance industry, criminals often evade significant consequences for their actions. Instead of facing imprisonment, they may escape punishment but are sometimes required to provide small reimbursements to those they have harmed. This highlights a problem with the system, as it implies that the penalties for financial crimes are not strong enough to discourage individuals from engaging in such behavior.

Topics

Finance

By William Greider

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