This month five huge international banks agreed to plead guilty to manipulating the foreign exchange currency market for their own profit. Doing it didn’t hurt them at all. They were fined $5 billion—nothing more than a bloody nose. The market cap of these banks is over $500 billion. This punishment for a “brazen display of…
Category: Current Events
When’s the last time you put two (or more) dumb decisions together back-to-back? Usually the second or tertiary dumb is a reaction or attempted correction or a rationalization or a cover-up or any of a thousand you-name-it dumbs resulting from the first dumb. I don’t need to go to the news to give you examples…