Citi’s $285 million slap on the wrist
As we have seen so many times before, Wall Street is once again working through the cycle in which it exploits its customers, gets caught, pays a fine and moves on. On Wednesday, Citigroup agreed to...
View ArticleWhy the financial crisis hasn’t spawned more prosecutions
Why haven't there been more prosecutions? The bigger, and more disturbing, question is: what are the consequences of Wall Street executives coming out of this crisis unscathed?
View ArticleOnce-secret Fed lending data now public
Was your favorite bank on the dole during the financial crisis? Now you can find out. Bloomberg News, which fought a legal battle to the Supreme Court to force the Federal Reserve to release details of...
View ArticleThe pain for Crane is mainly down the drain
Houston Astros owner Jim Crane has become mired in the bankruptcy of Jefferson County, Ala. A federal bankruptcy judge ordered Crane to disclose details of a settlement with JP Morgan Chase involving...
View ArticleSchapiro’s mixed legacy at the SEC
Far from being remembered as a reformer or a get-tough regulator, Shapiro may be remembered for missed opportunities.
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