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They say it may encourage banks to act recklessly.
Now, under Dodd-Frank, the agency need only show that a trader intended to act "recklessly".
And in a monetary union, members surely have a right to speak up if others act recklessly.
Now, the agency eased the standard so that prosecutors only have to show a trader intended to act "recklessly".
By contrast, Red Bastard exhorts us to act recklessly on the pretence that it'll make our lives better.
This policy allowed allies to get a free ride and in some cases act recklessly under the protection of the United States.
Similar(25)
"In this regard, the F.C.A. considers that Barclays and Barclays Bank acted recklessly".
"The F.D.A. has acted recklessly," Dr. Wolfe said.
The plaintiffs contended that officers and directors had acted recklessly.
In doing so, the bank acknowledged that its traders acted recklessly.
But under Dodd-Frank, the agency must show only that a trader acted "recklessly".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com