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HomeLibor Scandal Update: More Evidence from Mid-1990s
Posted by Larry Doyle on November 21st, 2012 10:00 AM |
Headlines this morning highlight the fact that SAC’s “portfolio manager A”, aka Steven A. Cohen, is linked to the largest insider trading scandal brought to date by the US Attorney’s Office in New York.
This $276 million scandal and the fact that Stevie-boy might finally be hooked is sure to create ooh’s and aah’s across Wall Street and the nation. If proven, Cohen and other conspirators deserve what they get in terms of hard time.
Meanwhile in the adult pool little attention is paid to the fact that the “institutional” Libor manipulation scandal had bombshell developments yesterday. Let’s navigate. (more…)
Libor Scandal Update: The Real Cost
Posted by Larry Doyle on October 26th, 2012 10:27 AM |
How quickly the scandals seem to come and go.
With barely enough time to fully digest and appropriately process each and every financial racket, Wall Street, Washington, and our financial media move right along as if very little had happened in the first place. Do you disagree? The American taxpayer, consumers, and investors everywhere are getting taken to the cleaners. You don’t think so?
What have we seen in terms of meaningful justice and proper remuneration in the institutional scandals encompassing the following: (more…)
