Where would you draw the line between business “favors” and bribery, kickbacks, or "protection money”?
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Where would you draw the line between business “favors” and bribery, kickbacks, or "protection money”?
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- Would you think the punishment provided in the law is enough to deter nonpayment of debt? What about the lender protection from unscrupulous debtors?Identify an unconsummated wealth-creating transaction (or wealth-destroying one) created by some tax, subsidy, price control, or other government policy, and then figure out how to profitably consummate it (or deter it).In your own words: 1. Before the Glass/Steagall Act what were commercial banks doing with depositor money to cause them to lose their money? 2. What in the Glass/Steagall Act prevented the banks from doing that again?