It’s not just investment banks that have been lying and breaking laws to game profits…Mitsubishi is the next big company to bow and apologize for fraud. Personal accountability means executives must be punished for wrong-doing and the bonuses they received for fraudulent sales must be disgorged. Any other outcome just encourages more of the same. To wit: Cheating has become the modus operandi of policy and business leaders worldwide. Do we really expect the proletariat to keep following rules and not demand heads?
It would be refreshing to see central bankers follow the Mitsubishi CEO…and then I woke-up. https://t.co/2z6e5G165z
— Cory Venable CMT (@CoryLVenable) April 20, 2016
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