News, notes, and observations from the James River Valley in northern South Dakota with special attention to reviewing the performance of the media--old and new. E-Mail to MinneKota@gmail.com

Friday, February 3, 2012

S.E.C. Is Avoiding Tough Sanctions for Large Banks

That's the headline in The New York Times.

By granting exemptions to laws and regulations that act as a deterrent to securities fraud, the S.E.C. has let financial giants like JPMorganChase, Goldman Sachs and Bank of America continue to have advantages reserved for the most dependable companies, making it easier for them to raise money from investors, for example, and to avoid liability from lawsuits if their financial forecasts turn out to be wrong.  


In the current state of inequality, some criminals are too big to hold accountable for their crimes.

1 comment:

John said...

In the choir of idiots one lone sane voice attempted to stop the greedy madness. The sane one is practically one of our own.
http://jessescrossroadscafe.blogspot.com/2012/02/byron-dorgan-and-bill-moyers-making.html

At long last an attorney general is taking on the banksters. Recall the FBI's long said that over 80-85% of the mortgage fraud was bankster fraud . . . so where, we ask, are the federal indictments. . . [insert the crickets chirping]
http://www.latimes.com/business/la-fi-bank-lawsuit-20120204,0,7444600.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+latimes%2Fbusiness+%28L.A.+Times+-+Business%29

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