A wise man once said that the best way to rob a bank is to own one. the US Govt. is dead set on proving him right. Yet another wise man put forth the ‘Iron Law of Institutons‘ which states that any person holding a position of authority or power within a given institution will first look to cement his power within the institution without regard to the overall health of the institution. The US Govt. is dead set on proving him right too.
“State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system.”
Explain to me again why Wall Street is a shining example of a free market?