January 22, 2013


Frontline wonders why we didn't see more fraud charges in the aftermath of the financial crisis.  Me too.



Blogger First Sea Lord said...

I'd been hoping for "dragged through street and pilloried by angry mobs."

January 23, 2013 at 11:34 AM  
Blogger The Other Front said...

Tough to get an angry mob going around misuse of equilibrium models assuming perfect liquidity, but I'll give it a shot.

January 23, 2013 at 6:59 PM  
Blogger First Sea Lord said...

Rob McKenna, former GOP AG of Washington State, was on public radio today claiming that no crimes were committed by bankers, and there were no prosecutions for this clusterfuck "just because that's the way the laws are written."

Among many, many others, what about racketeering laws?

January 25, 2013 at 11:29 AM  
Blogger The Other Front said...

Well, Sarbanes-Oxley did make officers of the corporation personally responsible for willful mis-statement of the firm's financial position. Is anyone seriously trying to claim that did not occur?

January 25, 2013 at 7:05 PM  

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