Some time ago new sites with thousands of spammy links would rise up the SERPs until they got too near the top of page 1. There would then be a manual inspection from a Google IP address and the site would disappear into oblivion.
I am now seeing many similar sites occupying top spots for valuable finance terms here in the UK - and they have been there for months. Has Google's cost-cutting exercise chopped the manual reviewers? Or has Matt Cutts' absence severely degraded their anti-spam campaign?