tag:blogger.com,1999:blog-5724181159639068489.post4546186411315386090..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs's Favored StatusRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5724181159639068489.post-63012343688488508892011-06-27T12:55:11.285-04:002011-06-27T12:55:11.285-04:00Thank you for the link to the Harvard site. It ha...Thank you for the link to the Harvard site. It has a nice summary of all that has gone wrong in (not) prosecuting the banks that caused the financial crisis.Joycenoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-63934961633883853042011-06-27T10:51:09.686-04:002011-06-27T10:51:09.686-04:00Too Big to Fail or Too Big to Change
Two and hal...Too Big to Fail or Too Big to Change<br /><br /><br />Two and half years removed from the worst financial crisis since the Great Depression, the investing public has grown increasingly frustrated with the lack of criminal prosecutions of, and absence of truly significant fines levied against, the senior executives and companies responsible for igniting the subprime meltdown. Pundits have criticized the Securities and Exchange Commission (the “SEC”) and the Department of Justice (the “DOJ”) as capitulating to the interests of “big finance,” citing SEC settlements that have been characterized as mere “slaps on the wrist” and the DOJ’s failure to convict a single executive responsible for creating the “great recession” despite significant evidence of intentional misconduct.<br /><br />For decades, the public’s trust in the integrity of U.S. capital markets was a source of economic stability and unparalleled prosperity. To maintain this trust, investors must believe that they compete on a relatively equal playing field and that the laws governing the markets will be strictly enforced. In furtherance of these goals, violators of federal rules face civil penalties from the SEC or criminal prosecution by the DOJ. In connection with previous corporate scandals, the government held a significant number of the principal wrongdoers civilly and criminally accountable for their misconduct. In the wake of the current financial crisis, however, many argue that the lack of such accountability has eroded the public’s faith in U.S. capital markets.<br /><br />Now, more than ever, private lawsuits are needed to supplement the existing regulatory structure, both to ensure that shareholders are adequately compensated for their losses and to send a strong message that fraudulent conduct will not be tolerated.<br /><br />http://blogs.law.harvard.edu/corpgov/2011/06/25/too-big-to-fail-or-too-big-to-change/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-51173173035490683582011-06-26T20:58:32.933-04:002011-06-26T20:58:32.933-04:00LAME STREET MEDIA ARE ABSOLUTELY QUIET REGARDING M...LAME STREET MEDIA ARE ABSOLUTELY QUIET REGARDING MARK MITCHELL's DEEP CAPTURE EXPOSE'!!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-13019307270328908382011-06-26T20:56:26.778-04:002011-06-26T20:56:26.778-04:00Government Sachs becomes ever more clear as well a...Government Sachs becomes ever more clear as well as many players who brought us to our knees financially......!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-19877427785360812232011-06-26T20:52:52.263-04:002011-06-26T20:52:52.263-04:00Please read www.deepcapture.com Mark Mitchell ( fo...Please read www.deepcapture.com Mark Mitchell ( former Columbia Journalist turned rouge to expose our financial miscreant's and how they connect from Mike Milken, to Russian Mob, to Jihadi terrorist supporters/sympathizers. It is incredible reading and he NAMES NAMES via connections from his incredible journalist research. Even 9/11 begins to become clear now of WHY it happened. He is on chapter 18, but read all the chapters to fully understand the impact of Financial Terrorism on the USA, and who the players are. <br />Not a PEEP out of the miscreants thus far,nor from our government, nor from our regulators, or Congress and we are getting flushed down the proverbial toilet into serfdom. SPREAD THE WORD !!!Anonymousnoreply@blogger.com