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Wells Fargo and a New Age of Banking Scandals

The last decade has seen a steady stream of financial scandals and crises: mortgage frauds, insider trading, the illegal fixing of global interest rates, money laundering, and the rigging of the Treasury bond market. This is a partial list. There were lessons to be found in each of those cases, which revealed flaws and distortions in the financial system and weaknesses in the way that it is regulated and policed.
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