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Posts Tagged ‘justice on Wall Street’

Feds Let JPM London Whale Swim Free; Go After London Minnow

Posted by Larry Doyle on August 15th, 2013 8:00 AM |

Can you imagine if instead of suspending Alex Rodriguez and others for the use of PEDs that Major League Baseball went after the clubhouse boy, who may have been perhaps knowingly delivering them “the stuff,” and presented that to the public as cleaning up the game?

Or, if we were to steal a scene from the fabulous flick Goodfellas, picture the Feds charging the young and impressionable Spider for his involvement — albeit as a barboy — in “the family” running rackets and presenting that to the public as one of the first cases to clean up the mob.

The authorities in either case would face a fair bit of ridicule. As well they should.  (more…)

Fabulous Fab The Fall Guy

Posted by Larry Doyle on July 16th, 2013 8:46 AM |

America has certainly been fed a healthy diet of bluster by a wide array of regulators and government officials about cleaning up Wall Street over the last few years.

Those watching closely are well aware, though, that justice on Wall Street typically comes in small packages, token fines, and a whole lot of statements that include “neither admit nor deny.”

Let’s pause and think of all the criminal activity and otherwise unsavory behaviors that have transpired within the industry over the last handful of years:  (more…)

Mensack v Morgan Stanley, FINRA

Posted by Larry Doyle on February 26th, 2013 5:43 AM |

What do you think you would do if in the process of appealing a case, you were informed that the court stenographer had “somehow” lost (deleted or destroyed, perhaps??) 8 hours of testimony? Do you think you might be a little pissed off?

Just a little?

Mind you, what if the 8 hours of “lost” testimony were not just any 8 hours. That is, they were not the first 8 hours. They were not the last 8 hours. What if they were 8 hours of selected intermittent testimony including key points when the plaintiff alleges the defendant perjured himself?

Must be a banana republic and kangaroo court for such a gross injustice to have transpired, right?  (more…)

The Integrity of the Game

Posted by Larry Doyle on March 22nd, 2012 5:31 AM |

The penalties handed out by NFL Commissioner Roger Goodell to the coaches and executives of the New Orleans Saints organization for the bounty program practiced down on the bayou were perhaps the stiffest in the history of the game.

Goodell has shown himself to be a no-nonsense individual cut from the mold of Kenesaw Mountain Landis. Goodell is clearly focused on protecting the sport, and knows that any program which promotes an intent to injure renders modern day football to little more than barbarism. (more…)

Merrill Lynch Lawyer Told Eliot Spitzer: “Be Careful, We Have Powerful Friends”

Posted by Larry Doyle on April 18th, 2011 8:29 AM |

Is the need to repair the health of our financial system SO GREAT, that we should be willing to allow the basic rights of individuals and the laws of our land to be trampled and violated in the process? In my opinion, this very question is central to the rage that burns in so many hearts across our great land.

Bailing out banks may be anathema to those who love and cherish capitalism BUT not pursuing justice and real accountability for the transgressions of those individuals and those institutions central to our crisis is sickening. I believe it is inherently un-American to allow these transgressions to pass without proper prosecution. Which transgressions? (more…)

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