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May 31, 1997

In Fine Spirit

Cads and bounders are no longer being dealt with in an appropriate manner

I find self regulation to be a slightly odd concept. I mean it might be useful when it comes to managing a condominium - although only on the back of a very tightly drawn up agreement between residents. And it seems to be a quite useful, if somewhat violent, way of sorting out disputes between Colombian drugs cartels. But whether it is a sensible basis for dealing with misdemeanors in the context of an international financial center, I must confess I have my doubts. These thoughts were running

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