Today, as the bankers now openly confess to a single act of fraud that they themselves estimate is roughly $350 trillion in scope, well over 90% of all crime in the world (by dollar value) is now white-collar crime.

Meanwhile, we just had 25% of Wall Street executives confess that crime was a way of life in banking (and presumably the other 75% were lying).

In short, never in all of human history has white-collar crime required such maximum deterrence. I suggest to all these thieves they not only study their history books but (for those based in the U.S.) they also take a glance toward Death Row, and contemplate what "maximum deterrence" means in the 21st century U.S.A.

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