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Thursday, February 19, 2009

UBS Bank Should Be Shut Down, Not Just Fined

This is disgusting. This bank shouldn't just be fined, it needs to be shut down and its assets seized by the federal government, liquidated via public auction whereby other more reputable institutions can bid on the assets, the proceeds of which should be paid to taxpayers via a tax-cut.

When will we learn that these slaps on the wrist of huge financial entities that shield rich people from paying their fair share do nothing to solve the problem of corporate corruption over the long-run.

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