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In some countries, the central bank is responsible for compliance with the limit interest rates on loans (Italy, Portugal), in other countries - the licensing authority (Britain, France, the Netherlands, Estonia, Germany), or a body for the protection of consumers' rights, the Ombudsman (Ireland, Bulgaria, Latvia, Finland), or market surveillance authorities (Slovenia). This was going to be a long day. Trying to go against this natural outcome, we will only create equality in poverty, they warn us. In this case the situation was even more complicated, not only because Flowers himself had considered taking part in the Merrill deal, but because Flowers

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1 Democracy finally began to appear in South Korea only in 1987, over four decades after the country came into being, largely because the military dictator, Chun Doo-hwan, had attracted the Olympic Games for the following year and so had trapped himself into behaving in a civilized manner before a global audience when Koreans began to protest his rule. The son of the former CEO of Chiquita, he was the ideal Fuld operative: a get-it-done loyalist with a killer instinct. Similarly, what was known in insurance parlance as McDade had appointed Tom Humphrey and Eric Felder to explain what investors were about to hear.

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