I'm sure you've seen the news, TD Bank has been assessed $3B in fines for money laundering.
I know as a libertarian I am for open markets and free trade, but how do keep these large banks from doing things like this, and what is the proper action if they do? Are these fines acceptable to a libertarian philosophy? Would ending the Fed alleviate any of these issues?
It just seems to me that all the libertarian talk of capitalism and free association being the right path, that there are too many people willing to abuse the system for their own gain. How do we hold those who do such things (individuals or corporations) accountable in a limited government role? Or does the market self correct these things by allowing the bank to fail?
Posted by skooba87
1 Comment
How much of this would even be a crime in the first place for libertarians