Why It's Wrong When Wrongdoers Are Allowed to Admit No Wrongdoing
When corporate perpetrators don't have to admit they did anything wrong, it's as if the crime never happened. Which, of course, makes it much more likely that it will happen again.
When corporate perpetrators don't have to admit they did anything wrong, it's as if the crime never happened. Which, of course, makes it much more likely that it will happen again.
Dan Collins | Posted 10.27.2009 | New York
Shock waves from Judge Jed Rakoff's scathing denunciation of a proposed settlement between the SEC and the Bank of America are still rippling through Wall Street and Washington.
Jill Schlesinger | Posted 10.01.2009 | Business
Ken Lewis likes to spring news on the market, which is why his resignation from Bank of America shouldn't have been all that surprising. But it was and here's why.
Georges Ugeux | Posted 11.24.2009 | Business
Bank of America executives were paid $5.8 billion in bonuses when they merged with Merrill Lynch. Shareholders were not merely misled by the banks, but fed a bold-faced lie.
Emma Coleman Jordan | Posted 11.22.2009 | Business
A new report finds that an amazing 92 percent of the directors of TARP recipients who were in place before the financial crisis of 2008 still hold their jobs.
Norman Horowitz | Posted 11.21.2009 | New York
In my humble opinion we should hire as many special prosecutors as are needed to investigate the stuff that happened on Wall Street that has screwed up our country and put as many as called for into jail.
New York Times | ZACHERY KOUWE | Posted 11.15.2009 | New York
As President Obama traveled to Wall Street on Monday and chided bankers for their recklessness, across town a federal judge issued a far sharper rebuk...
AP | Marcy Gordon, AP Business Writer | Posted 09.26.2009 | Business
WASHINGTON (AP) -- A judge on Tuesday ordered federal regulators to explain why they didn't investigate whether executives at Bank of America Corp. mi...
New York Times | LOUISE STORY | Posted 09.24.2009 | New York
Jed S. Rakoff, a United States District Court judge in Manhattan, is not one to rubber-stamp administrative decisions. Known as a maverick in legal c...
Robert Scheer | Posted 09.11.2009 | Business
Why has it been left to one stellar judge to sound the alarm on Bank of America and Merrill Lynch, and why is Congress and the Obama administration looking the other way?
Reuters | Posted 09.06.2009 | Business
NEW YORK (Reuters) - A federal judge refused to approve a settlement between a top U.S. regulator and Bank of America Corp (BAC.N) over executive bonu...
Arianna Huffington | Posted 11.10.2009 | Business