Comments on: Jed Rakoff puts the SEC on notice

By: dspitzle

dspitzle — Mon, 31 Oct 2011 20:46:14 +0000

Personally, I think #2 is the key. How the hell can the SEC meet its institutional mission by settling on a case like this?

By: Moopheus

Moopheus — Fri, 28 Oct 2011 19:09:09 +0000

Rakoff to SEC: “I smell the horseshit, but where’s the pony?”

#6 is good because Rakoff probably already knows the answer, but wants to hear the SEC have to admit it in court.

#7 is the proverbial $64,000 question for all these cases.

By: DriftingSpecter

DriftingSpecter — Fri, 28 Oct 2011 16:31:23 +0000

NAILED!!!

They are all great. Just when my belief in the existence of good men and women in the system begins to fail, someone like this steps up to the plate and does it right!!

At a time when there are too few things to cheer about, this man allows me the chance to say: “I am proud to be an American!!”

By: Woltmann

Woltmann — Fri, 28 Oct 2011 15:11:01 +0000

If the SEC is found to be (circumstantially) complicit, with Citi, in fraudulently representating this case before Rakoff’s Court, all the SEC’s lead officials on this case need to be prosecuted. The SEC’s just as guilty as Citi if there is fraud here.

By: MiddleBrowser

MiddleBrowser — Fri, 28 Oct 2011 10:27:41 +0000

No. 7 is great. Imagine what Wall Street would be like if supervisory structure were actually enforced throughout the entire Org Chart. The so-called “risk premiums” for salaries might actually make sense.

By: RoughAcres

RoughAcres — Fri, 28 Oct 2011 05:30:45 +0000

… and #7 is pretty good, though I think the best was saved for last.

By: RoughAcres

RoughAcres — Fri, 28 Oct 2011 05:29:33 +0000

I would VERY much like the answers to Judge Rakoff’s questions.

Looking forward to the answers, if communications have been restored by then ; )

(* the EAS ‘test’ shutting down all communications systems begins at 2 am November 9.)

By: ottorock

ottorock — Fri, 28 Oct 2011 05:07:52 +0000

i like 3)