Banker from Citi is being charged by the SEC with negligence for some CDO deals. But if criminal bankers only have to give up a portion of their ill-gotten gains it won't serve as much of a deterrent. Start throwing them in jail and people will think twice about lying to investors, defrauding clients and manipulating markets.
http://www.ft.com/intl/cms/s/0/a5e535f6-cd1f-11e1-b78b-00144feabdc0.html#axzz20n9l2D6W
No comments:
Post a Comment