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Posts Tagged ‘SEC tentative and fearful’

Retiring SEC Lawyer Indicts Schapiro, Khuzami et al as Being ‘In Bed with Wall Street’

Posted by Larry Doyle on April 8th, 2014 1:51 PM |

In what might only qualify as turning one’s weapon on those formerly running a defense unit, a retiring attorney in the SEC’s Enforcement Division just left the commission and went out with “guns a-blazing.”

I welcome immediately inducting this attorney, James Kidney, into the Sense on Cents Hall of Fame. Let’s navigate as Bloomberg reports:

A trial attorney from the Securities and Exchange Commission said his bosses were too “tentative and fearful” to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics.  (more…)






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