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.
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.
Labels:
Finance
,
Justice
,
regulation
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