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Just Say You Won't Do It Again And We'll Call It Even
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Too big to fail? The feds are trying to figure out how to criminally punish big banks without causing them to go out of business and thus hurting the economy, and they're reportedly about to do so with criminal charges against Credit Suisse and BNP Paribas, which are, of course, massive international banks. The problem is that in negotiating criminal guilty pleas, anything they do will be seen as light punishment unless they do something that would, well, hurt the economy. And that kind of gets us back to "too big to fail," doesn't it? (New York Times)
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