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aiding and abetting: senator dodd and corporate frauds
Shame on you Christopher Dodd. You had a chance to address one of the serious weaknesses in financial reporting – the lack of individual accountability for fraud – any you deftly steered away from the...
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holding out for holder to prosecute libor liars
“Tim Geithner had evidence of a financial crime of epic proportion — so he wrote a memo,” quipped Charles Gasparino in the New York Post yesterday. This one-sentence observation of Geithner’s inaction...
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so why is no one in jail?
In the aftermath of the Savings & Loan (S&L) crisis of the 1980s, there were over 1800 criminal prosecutions and more than a thousand financial executives went to prison. So far the financiers...
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