Comments on: Muniland’s black swans http://blogs.reuters.com/muniland/2011/04/20/munilands-black-swans/ Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: breezinthru http://blogs.reuters.com/muniland/2011/04/20/munilands-black-swans/comment-page-1/#comment-24 Tue, 26 Apr 2011 16:11:39 +0000 http://blogs.reuters.com/muniland/?p=335#comment-24 The SEC should not be the only government entity dealing with these settlements and guilty pleas.

Their corporations are fined a modest amount of money, then it’s done.

What these executives and corporations are doing is illegal … against the law… and those illegal actions should be prosecuted by the Justice Department.

Most importantly, felony criminals need to serve time in prison.

When the Justice Department abdicates its authority in these matters to the SEC, there is no incentive to curtail similar future crimes. Those modest SEC fine is simply considered a cost of doing business.

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