Far from chastening the world’s biggest currency trading firms, the multi-billion dollar fines levied by regulators on Wednesday are more likely to draw a line under the affair and gradually allow a return to business as usual.
A year into a wide-ranging industry probe into charges that banks routinely fleeced clients over currencies, industry observers and politicians were frustrated by a deal they said showed the affair will end just with fines rather than any reform of what they say is the Wild West of financial markets.
– From the Reuters article: Banks pay up and carry on after FX fines
While many readers will have likely already heard about the latest slap on the wrist fine received by the mega banks with regard to FX rigging (which will only encourage more criminality), there are two reasons I want to add my two cents on the topic.
First, it’s an incredible admission of the level of lawlessness that society is willing to put up with, that Reuters so matter-of-factly admits that absolutely nothing will change despite mega banks once again being caught in extraordinarily unethical behavior.
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In great empires the people who live in the capital, and in the provinces remote from the scene of action, feel, many of them, scarce any inconveniency from the war; but enjoy, at their ease, the amusement of reading in the newspapers the exploits of their own fleets and armies. To them this amusement compensates the small difference between the taxes which they pay on account of the war, and those which they had been accustomed to pay in time of peace.They are commonly dissatisfied with the return of peace, which puts an end to their amusement, and to a thousand visionary hopes of conquest and national glory from a longer continuance of the war. 
Just in case you need another reason to dislike the thieving Federal Reserve. 
There is no greater signpost of the decay in America’s cultural, economic and spiritual life than Washington D.C.’s ascendancy into the most expensive spot to live in within these United States.
It’s not often that I come across a blog post that so interests and impresses me that I drop everything else and decide to highlight it. The post I am referring to is by David Malone of the 
It’s hard for an article to be simultaneously disturbing and amusing, but this morning’s article in the UK Telegraph about Barclays’ new blood vein finger scanner does just that.
You gotta love America. In the same week that the entire world witnessed how U.S. polices forces have been transformed into paramilitary organizations, a woman is arrested in a South Carolina supermarket for cursing in front of her children.