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Showing posts with the label "Deutsche Bank"
"Since the war [in Yemen] began, the UK has sold at least £4.7bn-worth of arms to Riyadh," claims the Guardian. That is not a lot in terms of GDP, but it still makes a difference for us here in the UK in terms of jobs at least. Our government is just doing business with an ally. Blame the Saudis: had they stockpiled more of what they needed before the war ( lawfully! ), they wouldn't have put the UK in such a position. Similarly, don't blame Deutsche Bank for axing jobs. Blame those thousands who will lose their jobs during the coming three years; those who were not smart enough and did not work hard enough to keep the bank stronger and competitive. 
The banks in "liberal democracies" They are fined and they carry on with business as usual until they commit another crime. Then we fine them and they carry on with business as usual. What else could be done? It is not "human nature" and some "rogue agents"?  Obviously, founding a bank has not ever been better than robbing one as it is today. "Deutsche Bank was embroiled in a vast money-laundering operation, dubbed the  Global Laundromat . Russian criminals with links to the Kremlin, the old KGB and its main successor, the FSB, used the scheme between 2010 and 2014 to move money into the western financial system. The cash involved could total $80bn, detectives believe." Deutsche Banks and other banks in Russian money-laundering schemes