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US acting as global policeman for financial crimes

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by December 30, 2016 World News

(AFP) Handing out multibillion-dollar fines right and left to domestic and foreign financial giants, the United States has taken on the role of the unforgiving global cop of the business world.

In stark contrast to the relative inertia of white-collar law enforcement in Europe, Washington most recently brought the hammer down on Deutsche Bank and Credit Suisse, which sold junk-filled, mortgage-backed securities ahead of the 2008 financial meltdown. We’re sorry. You don't have permission to access this page. Please sign up to have full access to this page.

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