Comments on: Looking for financial-crisis criminal prosecutions http://blogs.reuters.com/felix-salmon/2010/12/09/looking-for-financial-crisis-criminal-prosecutions/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Danny_Black http://blogs.reuters.com/felix-salmon/2010/12/09/looking-for-financial-crisis-criminal-prosecutions/comment-page-1/#comment-27763 Wed, 22 Jun 2011 14:16:08 +0000 http://blogs.reuters.com/felix-salmon/?p=6495#comment-27763 bkhjon, how are those chinese stocks working out for you? Would love to know who you are blaming now.

]]>
By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/12/09/looking-for-financial-crisis-criminal-prosecutions/comment-page-1/#comment-24717 Fri, 11 Mar 2011 19:23:46 +0000 http://blogs.reuters.com/felix-salmon/?p=6495#comment-24717 And although the fines alone should be able to pay for the cost of investigations (and if they do not, WHY NOT?) here is the latest news to ensure financial fraud is not prosecuted.

http://blogs.reuters.com/financial-regul atory-forum/2011/03/11/u-s-budget-cut-se en-threatening-state-local-financial-cri me-fighting/

]]>
By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/12/09/looking-for-financial-crisis-criminal-prosecutions/comment-page-1/#comment-24632 Thu, 10 Mar 2011 10:26:32 +0000 http://blogs.reuters.com/felix-salmon/?p=6495#comment-24632 From insider trading to CDOs … The 2011 enforrcement priority for the SEC. Why do I not believe him when he says

“If there’s crime there, we’re going to find it and we’re going to pursue it,” Garcia said at an American Bar Association meeting in San Diego. Investigators won’t be deterred by the complexity of the financial instruments …

http://www.bloomberg.com/news/2011-03-03  /cdo-cds-fraud-probes-to-be-2011-priori ty-new-york-u-s-prosecutor-says.html

]]>
By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/12/09/looking-for-financial-crisis-criminal-prosecutions/comment-page-1/#comment-24564 Tue, 08 Mar 2011 23:22:53 +0000 http://blogs.reuters.com/felix-salmon/?p=6495#comment-24564 This is a very well written piece on the topic.

http://www.dailyfinance.com/story/invest ing/countrywide-mozilo-fraud-no-prison-t rial-sec-mortgage-meltdown-deal-crisis/1 9788287/

]]>
By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/12/09/looking-for-financial-crisis-criminal-prosecutions/comment-page-1/#comment-24268 Wed, 23 Feb 2011 20:26:58 +0000 http://blogs.reuters.com/felix-salmon/?p=6495#comment-24268 This theory may have far too much merit. What a tangled web greed weaves…

http://www.cjr.org/the_audit/the_sec_tan gled_up_in_madoff.php

http://www.cjr.org/the_audit/one_for_the _whistleblowers.php

]]>
By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/12/09/looking-for-financial-crisis-criminal-prosecutions/comment-page-1/#comment-24260 Wed, 23 Feb 2011 18:03:56 +0000 http://blogs.reuters.com/felix-salmon/?p=6495#comment-24260 Plead guilty (or not!) pay fine… next!

http://www.reuters.com/article/2011/02/2 2/us-mortgage-fraud-plea-idUSTRE71L6IZ20 110222

Compensation rather then prosecution …
http://www.americanprogress.org/issues/2 008/02/mortgage_ceo_pay.html

]]>
By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/12/09/looking-for-financial-crisis-criminal-prosecutions/comment-page-1/#comment-24160 Sun, 20 Feb 2011 01:35:29 +0000 http://blogs.reuters.com/felix-salmon/?p=6495#comment-24160 For perspective, remember the man who got 8 years for stealing cheese and the man who got 26 years for stealing golf clubs.

Taibbi reminds us why it’s all a sham…

“In Ohio last month, a single mother was caught lying about where she lived to put her kids into a better school district; the judge in the case tried to sentence her to 10 days in jail for fraud, declaring that letting her go free would “demean the seriousness” of the offenses.”

Awww, there’s law enforcement at it’s finest…

And here is Taibbi’s take:
http://www.rollingstone.com/politics/new s/why-isnt-wall-street-in-jail-20110216? page=6

]]>
By: lambertstrether http://blogs.reuters.com/felix-salmon/2010/12/09/looking-for-financial-crisis-criminal-prosecutions/comment-page-1/#comment-23922 Sun, 13 Feb 2011 05:02:32 +0000 http://blogs.reuters.com/felix-salmon/?p=6495#comment-23922 Impunity. Just like a banana republic.

]]>
By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/12/09/looking-for-financial-crisis-criminal-prosecutions/comment-page-1/#comment-23710 Thu, 03 Feb 2011 21:35:35 +0000 http://blogs.reuters.com/felix-salmon/?p=6495#comment-23710 Saving and loans had regulators that made detailed investigations and repercussions public and on record. people knew what happened and what the repercussion were.

What do the people know about white collar criminals involved the great recession? White collar looting with impunity is the message and taxpayers are the fall-guys.

Every promise of shaming the banks, investigations and prosections from Obama down have been a sham. No, more then a sham… criminal negligence.

]]>
By: Danny_Black http://blogs.reuters.com/felix-salmon/2010/12/09/looking-for-financial-crisis-criminal-prosecutions/comment-page-1/#comment-21833 Sun, 12 Dec 2010 12:40:38 +0000 http://blogs.reuters.com/felix-salmon/?p=6495#comment-21833 Ah, make sure you get the latest edition:

http://www.amazon.co.uk/Structured-Finan ce-Collateralized-Debt-Obligations/dp/04 70288949/ref=sr_1_1?ie=UTF8&qid=12921573 02&sr=8-1

As for RBS, Natwest was generally considered a successful deal. I have not heard otherwise – also not really bothered following. ABN was I think was where RBS really lost the plot, that said in Oct 2007 most people were expecting a major turndown in the property market but I think anyone who says they foresaw what happened in Sept/Oct 2008 then is almost certainly a liar. By the way, the feasting on toxic crap for a while was how ABN made money and made a killing for their shareholders, which goes to show sometimes timing is everything.

]]>