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DOJ Shows Teeth With $5.6B Forex Pact, But Not Sharp Ones

By Ed Beeson (May 20, 2015, 8:29 PM EDT) -- In wrangling guilty pleas and $5.6 billion from some of the world's largest banks, the U.S. Department of Justice on Wednesday showed it can push the prosecutorial needle without tilting the financial world into chaos. But by shielding institutions from some of the collateral effects of a criminal conviction, the government has done little to deter the next installment of traders behaving badly, experts say....

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