Greed and fear

Culture has a lot to do with the actions of individuals and companies, and greed is a powerful force. But so is fear.  As I say, prison is the only thing that will stop white collar crime. Taking millions away from someone may hurt but not as much as taking their freedom.

EU is not immune to this type of behavior. Tyco just announced some accounting problems in Europe, and Ahold, a EU company, announced a major accounting scandal.

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