standards are adhere to some scandal hit companies now invest a lot of money in compliance our reporter holzman spoke to the chief executive of one such company building are a construction firm with business around the world who say they have managed to clean up their act. clannad in germany and they think a little gift is a good way to maintain friendships and make new ones so i brought along a bottle of red wine and a small envelope. it was the stuff that brought you a little something things but obviously i can accept this on blow by have to give it back if you didn't think me going let's all like to think that really but i'd hoped our interview would be especially nice. compliance is full compliance is very important to us so we're always very careful i have to pass everything on to our head of compliance put it to good use. compliance main sticking to rules against corruption templates wants to show that that's now the norm and his company will finger in recent years corruption has been an issue of finger which produces and install spectrum equipment worldwide. the biggest corruption case

something bad a lot of other writers have done before me gary north with honest money your guido holzman with 6 of money production and so on but none of them really touched on decline and that's what this covers is why because one is a more moral money than the current system that currently exists you know we often hair and the reports coming out of the central banks and wall street is that the use of the term moral hazard which is the acceptance that when dealing with finance and markets that we accept a certain degree of immorality now greenspan famously pointed this when talking about how market makers make markets he said quote wiggle room and when they are front running or grabbing share and that this is acceptable it's part of the moral hazard i think jamie dye. and it's a p. morgan would claim that they get a lot of fines but they are somehow doing something good at the end of the day and they accept the moral hazard so is it possible is because it isn't exempt from moral hazard because if if it in fact is the most perfect money we've ever seen ever then that could be the highest

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