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HomeA Sad Tale of Wall Street’s Orphans
Posted by Larry Doyle on December 1st, 2011 7:56 PM |
A lead editorial the other day in the Wall Street Journal highlighted:
“Federal Judge Jed Rakoff’s rejection Monday of a $285 million settlement between Citigroup and the Securities and Exchange Commission is playing in some circles as a great populist victory against Wall Street. But it looks to us more like a rebuke of the cozy relationship between regulators and the regulated that too often leaves justice as an orphan.
Justice as an orphan sounds eerily similar to the fact that “success has many fathers, but failure is an orphan.”
Is there any greater failing in our nation than a lack of justice? I think not. (more…)
