Dealer banks--that is, large banks that deal in securities and derivatives, such as J. P. Morgan and Goldman Sachs--are of a size and complexity that sharply distinguish them from typical commercial...
In 1831, Alexis de Tocqueville and his friend Gustave de Beaumont visited the United States on behalf of the French government to study American prisons. In their nine months in the U.S. they studied...
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