It Makes No Sense

It Makes No Sense.  As Neil Garfield,  plainly points out in yesterday’s article.  Today, “The settlements reached by the governmental regulatory bodies and enforced by the judiciary’s contempt powers will in practice be subject to no meaningful oversight whatsoever.”

“That Court has now fixed the menu, leaving this Court with nothing but sour grapes,” says Judge Jed Rakoff, not sounding terribly happy after giving a green light to the Citigroup (C -0.5%) settlement in which it will not be forced to admit to wrongdoing in the 2007 sale of certain MBS.

Want the public trust back?

STOP these unregulated, hurt the victim, Banking settlements. FRAUD should Not be forgiven.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s