US acting as global cop for financial crimes
Europe has also probed and acted against scams, but not to the extent America does
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Washington
HANDING out multibillion-dollar fines right and left to domestic and foreign financial giants, the United States has taken on the role of the unforgiving global policeman of the business world.
In stark contrast to the relative inertia of white-collar law enforcement in Europe, Washington most recently brought the hammer down on Deutsche Bank and Credit Suisse, which sold junk-filled, mortgage-backed securities ahead of the 2008 financial meltdown.
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