Tuesday, November 29, 2011

Speaking Truth To Power

Here is Judge Rakoff's Order Rejecting Proposed SEC-CITIGROUP GLOBAL MARKETS INC.Settlement. Here is the New York Times story. Judge Rakoff's Order repeatedly refers to Citigroup as a "recidivist." It is difficult to believe this Order would have ever seen the light of day had the Court truly believed that a comprehensive law enforcement effort was underway to investigate and hold accountable the persons and institutions whose actions "depressed our economy and debilitated our lives."

(wisenberg)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2011/11/speaking-truth-to-power.html

Judicial Opinions, SEC, Securities | Permalink

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