We Can’t Do Away With Bank Scams. But We Can Aim For An India Where They Are Fewer

February 21, 2018

Money is about accounting entries. Modern scams are all about stealing accounting entries, when the system has a ‘reconcilement’ problem.

Looking back on different financial sector scandals in different countries at different times, where one has had the outlandish privilege of a microscopic view, one is struck by a distraught sense of deja vu. Are all scams similar? Are they similar even when they are different?

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