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> The knee-jerk urge to paint big banks as shady criminals will only intensify, not mitigate, the regulatory pressure.

It may not be money laundering, but if past history is any guide, it certainly looks like your average Goldman Sachs high-ranking executive thinks "ethics" is something that happens to other people. Or, closer to home, the recent Libor scandal. Big banks may not be shady, but they should probably come out of the dark corners they're standing with big bulges in their pockets.




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