Big Bank ‘Crime of the Century’ Results in Guess What? No Jail Time for Anyone – Deirdre Fulton

While corporate watchdogs hailed the record $2.5 billion settlement paid by Deutsche Bank to U.S. and U.K. authorities for its rate-rigging role in the massive LIBOR scandal, some noted that the fine—while large—suggests that some institutions are still considered “too big to jail.” Authorities announced Thursday that Germany’s biggest bank would pay $2.5 billion in penalties, a record for cases involving interest …

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“Core Inflation In The US Would Be Just As Low As In The Eurozone If Measured On The Same Basis”

Anyone with a pulse knows that Europe is stuck in a downturn worse than the Great Depression. Most think that the U.S. has fared better … but that is debatable. Mega-bank Société Générale’s strategist Albert Edwards notes: “Core Inflation in the US would be just as low as in the eurozone if measured on the same basis, despite the US having enjoyed much …