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Posts Tagged ‘Quadrangle Group’

Throw the Book at Steven Rattner

Posted by Larry Doyle on March 11th, 2010 9:31 AM |

Does crime pay on Wall Street?

When those implicated in ‘pay to play’ schemes on Wall Street are not dealt with in truly appropriate fashion, everybody loses. Why? We end up with a loss of confidence not only in the markets, but even moreso a loss of confidence in our judicial system. I am not so naive as to think that our fields of justice are level, but that doesn’t mean we should not pursue that goal and highlight inequities when and where we see them.

Those engaged in financial crimes or schemes including ‘pay to play’ should never be able to buy their own justice by writing a check. That system of justice will never truly dissuade those engaged in or attracted to ‘pay to play.’

I see a strong sign of just such a potential inequity this morning. It smells. (more…)






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