>"For some financial institutions, the problem client is another bank." The entire global financial system -- exists outside of the jurisdiction of one central

>"For some financial institutions, the problem client is another bank." The entire global financial system -- exists outside of the jurisdiction of one central government or investigative authority. Opinion (and this is only one man's opinion): I believe the entire global financial system must (in the future or far future) become transparent from top to bottom -- with the ability for any citizen of the world to observe any transaction made by any fellow citizen the world in realtime. The world will not change (and everything in this article will just recur again and again, but with different actors) unless this happens. Yes, I realize that this is a minority opinion. Yes, I realize that 99% of people living on the earth at this point in time would disagree with me. Yes, I realize there would be huge technical challenges and obstacles with implementing this. Yes, I realize that it could not be done overnight, that it might take many years or even a lifetime, for various reasons. And yes, I realize I will probably be attacked by many for this opinion. But nonetheless, that's my opinion. History will always repeat itself unless we learn from it. These problems will recur again and again in the future -- just with different actors and different banks... These problems have recurred historically -- just with different actors and different banks...