Guilt Without Trial: Alexander Cohen on Savvy Street
A revised version of Alexander R. Cohen’s post “Are the Banks Actually Guilty?” has been published by the Objectivist online magazine The Savvy Street. It’s titled “Guilt Without Trial—The FX Rigging Case.”
Cohen is the founder and executive director of the Center for the Individual. He has previously been published on The Hill‘s website.
Cohen is the founder and executive director of the Center for the Individual. He has previously been published on The Hill‘s website.
Maybe you can get through to the site owners that it doesn't take 15Mb of bandwidth for a 5kb text article.
I did read the original article on c4ti.org, and that site is much better ;^)
As for the original article's content, I think this entire issue of fines for banks is a red herring. The Justass department is fining a cartel that buys off government officials to ignore the unethical behavior of the government created cartel, which includes creation of money from nothing, so the cost to the cartel of any fine is nil. Its just a smoke screen so the Justass Dept can pretend to be doing something to rein in the excesses of the banking cartel. Of course, they are only doing what the cartel tells them to do.