Textbook case of crony capitalism

There's an uncanny similarity between the 2G spectrum scam and the ongoing sound and fury over Coalgate as it has come to be known. Coalgate once again throws into stark relief the cosy crony capitalism that exists in the country and which works actively towards the detriment of people’s interests. In the US, the same architecture resulted in a crackdown propelled by the effective mechanism of the Sarbanes Oxley Act. Of course, I must hasten to add that it was only a while before human ingenuity found yet another outlet using complex derivative instrument...

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