Are the Rating Agencies About to Get Their Comeuppance?
Making the Credit Raters Sweat Regulators may be getting ready to punish the credit rating companies for their role in the financial...
Finance’s Greatest Innovation: “Don’t Prosecute Us’
Banks Take the Economy Hostage Prosecutors are considering bringing criminal charges against two overseas banks for charges ranging from...
The Broken SEC Enforcement Mechanism
The Best SEC Money Can Buy The retirement speech from a Securities and Exchange Commission lawyer sums up much that is wrong with the...
Judge Rakoff: Why Have No High Level Executives Been Prosecuted...
Why Have No High Level Executives Been Prosecuted In Connection With The Financial Crisis? Jed S. Rakoff, U.S. District Judge 11/12/13...
Meet Uncle Sam, Your Partner in Crime
Meet Uncle Sam, Your Partner in Crime Lack of criminal prosecutions for bankers, hedge funds managers and other moguls has altered the...
IndyMac Swift Boaters Strike Back!
Question: How any idiots does it take to change a light bulb at IndyMac?Answer: 51 > This one is too good to pass up...
His Name is Mudd
"In 2006 and early 2007, the industry, many analysts and market observers were generally not predicting a downturn in the housing...
Nonfeasance in Financial Oversight
“The system is completely broken. It’s amazing that the system ever worked at all.” -Marc L. Weinberg, Acting Executive...
Fraud in Real Estate, Mortgages & Homebuilders
An article in the weekend WSJ got me thinking about Real Estate related frauds of all kinds. Titled FBI Probes Unusual Incentives for...
Steel Owes Thain a Royalty Payment
Correct me if I am wrong, but I do believe Robert Steel of Wachovia owes a royalty payment to John Thain of Merrill Lynch. Why? For for...