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Bank of America-SEC Settlement Terms Challenged By Judge For Second Time

First Posted: 04/20/10 06:12 AM ET Updated: 05/25/11 04:35 PM ET

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Bank Of America Sec Pay Consultant
Judge Tries To Add Terms To BofA Settlement

nytimes.com:

Bank of America says it is opposed to a judge's proposal to appoint an outside compensation consultant as part of a settlement with the Securities and Exchange Commission.

Read the whole story: nytimes.com

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Bank of America says it is opposed to a judge's proposal to appoint an outside compensation consultant as part of a settlement with the Securities and Exchange Commission.
Bank of America says it is opposed to a judge's proposal to appoint an outside compensation consultant as part of a settlement with the Securities and Exchange Commission.
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Filed by Grace Kiser  | 

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HUFFPOST SUPER USER
themodernleader
1282 Fans
 
07:25 AM on 02/19/2010
Judge Radkoff forty years ago would have been considered an ordinary judge making the obvious decisions to protect the interests of the investors and other citizens. Now he is called a "maverick" judge for exhibiting courage within a milieu of fraud, public bribery and corruption of our declining organization. Judge Radkoff must be public acclaimed for his rigorous enforcement of the law (competence) and courage in such a terrible environment for honorable leaders to do what is right..
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LberalSpace
1 Fans
03:13 PM on 02/18/2010
Currently reading: http://bertreport.blogspot.com/

Whoopee doo Obammi fails again at any form of reform.
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xansam
all want 2 eat, none want 2B eaten
398 Fans
03:38 PM on 02/18/2010
perhaps if the rethugs stopped working against hope and change, we might see some
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huff po fan
2 Fans
03:03 PM on 02/18/2010
Go Rakoff go
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ibsteve2u
Someone who cares - to his unending regret
925 Fans
03:02 PM on 02/18/2010
'Compensation consultants hired by companies, [Judge Rakoff] said, often support “bloated compensation.”"

lolll...well, a slight mistatement. They may support "bloated compensation" for management, but those outside consultants inevitably say the rank and file are paid enough or overpaid.

They wouldn't be hired, otherwise; their primary role is as the designated scapegoat.
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ssaz
32 Fans
 
02:54 PM on 02/18/2010
I love this judge! We need more like him on the bench. It's high time our judicial system stopped rubber stamping whatever big businesses want.
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sborsher
1 Fans
02:48 PM on 02/18/2010
Good. Forget the money. "Off with their heads"!
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xansam
all want 2 eat, none want 2B eaten
398 Fans
01:17 PM on 02/18/2010
so they don't like it? to bad! I don't like the fact that liars, crooks and thieves were bailed out by the taxpayer.
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