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I like to think of utilities as a good model for banks. Banks are given the privilege of making loans that create the money and credit necessary to prime a modern economy, and in that sense are akin to the power companies that keep the country running. But banks have been utilities running wild. It芒聙聶s astonishing that charges of malfeasance are settled when institutions pay fines, mere money, and that the fines, which are relatively small compared to profits, hurt the shareholders but not the individuals responsible for the misdeed. Banks as institutions get away with things that individuals could not.
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