Wednesday, April 3, 2013

Mad as Hell! Fury as judges nix ‘no-fault’ Wall Street deals

They’re like stealth bombers, the NY Post reports.  A growing number of federal judges have had about as much as they can take with Wall Street firms paying hefty fines to settle probes into serious wrongdoing — without admitting any guilt or any executive taking the fall.

So at least four judges, in New York and Washington, are not going to take it any more.  The mostly quiet attack by these judges on a long-standing business practice could mushroom into one of the most serious threats to bad corporate culture in many years…

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