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by floor2 747 days ago
Well for starters, outside of the US financial regulatory system.

They were operating a shadow bank and unregulated securities exchange in the Bahamas and Hong Kong.

The media and regulators were willing to take a sympathetic view to all of the openly illegal banking and securities violations while times were good, but they were performing a highline act with no safety net the whole time.

1 comments

I am fairly sure you meant highwire act.