Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror

Slashdot videos: Now with more Slashdot!

  • View

  • Discuss

  • Share

We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).

×

+ - US to extradite bank execs for lower interest->

Submitted by Anonymous Coward
An anonymous reader writes "The United States is currently involved in complex negotiations with foreign sovereign holders of United States debt to induce them to agree to lower principal and interest. The intricate multi-party negotiations have been described as the most ambitious attempt by the government so far to address the interest portion of the US Federal deficit. While the precise details of the complex deliberations are secret, the most intriguing aspect of the negotiations to have come out is the proposal to extradite, in exchange for reduced principal and interest, bank executives considered highly criminally liable for their role in the global financial crisis.

An official who spoke on condition of anonymity and who had knowledge of the negotiations praised the effort to “outsource some of the regulatory burden” to countries “whose legal regimes differ from the US.” The official stated that the extradition agreements would lead to reduced transaction costs and improved trading relations with foreign investors."

Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

US to extradite bank execs for lower interest

Comments Filter:

If a 6600 used paper tape instead of core memory, it would use up tape at about 30 miles/second. -- Grishman, Assembly Language Programming

Working...