September 18, 2014
Better Too Late Than Never?

From the New York Times:

The Justice Department has countered that crisis-era wrongdoing often amounted to reckless or risky behavior, but not criminal misconduct. Senior executives were far removed from the front lines of fraud, the department has argued.

In recent months, however, the Justice Department has pursued actions against bank employees suspected of manipulating foreign currencies. Those cases are expected to conclude in the coming months.

“Corporations do not act criminally, but for the actions of individuals,” Mr. Miller said in the speech, adding, “The criminal division intends to prosecute those individuals, whether they’re sitting on a sales desk or in a corporate suite.”


Somewhere Jamie Dimon is laughing. As are Angelo Mozilo, Lloyd Blankfein, Vikram Pandit, John Thain, Don Blankenship, and… but what the hell, who’s counting?


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Posted by Jerome Doolittle at September 18, 2014 01:53 PM
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I fricking am.

Posted by: Cirze on September 18, 2014 7:02 PM
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