12 March 2009

The Criminality is Systemic

So, it appears that Eric Holder is looking to crack down on financial fraud.

This makes sense, what with about half a dozen large Ponzi schemes popping up in the past few months, but if they are serious, they will discover quite a lot under that rock, because there are very few people at senior levels in US investment banking who would not be targeted for criminal investigation under a strict reading of the laws.

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