Occupy the SEC has submitted a very fine comment on the proposed regulations under the Volcker Rule. The proposed regs are weak, and Occupy calls the agencies out for their lax regulation. Someone represents the 99% against the interests of banksters and their lap dog lawyers.
|By: masaccio Tuesday June 21, 2011 12:30 pm|
The NCUA sues JPMorgan Chase for non-disclosure in offering materials for real estate mortgage-backed securities. Too bad Preet Bharara hears no evil, sees no evil, tastes no evil, smells no evil, and touches no evil, meaning that he has nothing to say about securities violations that don’t affect hedge funds.
|By: Cynthia Kouril Saturday December 4, 2010 1:59 pm|
The country is in the grip of a great financial crisis. People face record unemployment.Wall Street executives are described as geniuses who are fully worth the exorbitant salaries and bonuses they are paid, but those salaries are coming out of money that should rightfully go to their shareholders.
|By: Cynthia Kouril Sunday May 2, 2010 12:30 pm|
Goldman Sachs does not appear to have acted as a “market maker” as Lloyd Blankfien keeps claiming, but rather as an underwriter. Underwriters are subject to liability under the Securities Act of 1933 for “material misstatements” , fraud or deceit in the offering of securities for public sale. Uh oh.