We take an advanced tattoo removal procedure from the clinic and perform at our Melbourne office for an initial consultation. If you would like to get a tattoo before coming to a tattoo removal clinic in Melbourne, we can recommend a clinic in your area.
What if the world’s largest and most profitable bank was not on the wrong side of the law?
If that were even remotely the case, JPMorgan Chase might still be here. It is not. A new study from the University of Chicago Booth School of Business found that bank-related crimes have never accounted for a bigger portion of U.S. GDP in their histories than they do today.
“The results of our study, which have been cited widely, challenge that notion,” noted the researchers, which included economist and University of Chicago Booth professor James A. Robinson and former Chicago Tribune’s economics editor Matthew Dallek. “The vast majority of crimes that we investigate involve fraud, theft and bribery. There are some, of course, that fall outside those criminal categories. But our study shows they have been significantly less numerous than a variety of assumptions suggest.”
For a start, most banks were involved in a larger percentage of crimes in the 1970s, as compared with today. In 1976, for example, the United States held 17 percent of the world. That number peaked at 21.2 percent in 2007.
But the study also found that the total number of crimes committed by these banks has fluctuated at a relatively steady rate in line with the stock markets on a year-by-year basis. This might seem like a paradox. After all, if banks have been committing crimes at a greater rate than they did five years ago, then the banks themselves would have to be committing crimes at a greater rate than they are. But that’s not what happened. Instead, there wasn’t a net increase in the total number of crimes per billion of GDP. On the contrary, the opposite occurred.
And what’s more, the study found no correlation between bank size and levels of criminal behavior.
In short, what if we were on the bad side of the law?
“When we considered all crimes, not just a tiny portion of crimes, we found that it is difficult, if not impossible, to show that large banks have more crimes committed than smaller ones,” the study concludes. “Indeed, one may argue that by definition there would be no crimes.”
In a note to investors, Muddy Waters Capital Management strategist Robert A
laser tattoo removal cost illinois license, tattoo removal before and after cost, tattoo removal pen kit, tattoo removal cost in bangalore, tattoo removal laser pen