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You can say exactly the same for global investment banks. Only when the US and EU starting fining them billions of dollars after the Global Financial Crisis (w
by throwaway2037 3y ago
You can say exactly the same for global investment banks. Only when the US and EU starting fining them billions of dollars after the Global Financial Crisis (when banking regulations finally got real teeth) did their behaviour change.
- gitaarik 3y agoOr in the Netherlands they at some point obligated companies making commercials for loaning money that they add a message "loaning money costs money". Before that point, there was a booming (sometimes scammy) business regarding that. Or how independent casinos were legal before, and people could still become stinking rich from it (the owners, that is). Until the government made strict rules allowing only them to have "real" casinos, for the people that still really want it, but then at least the government can use the money for something useful.