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Prosecutors Wrestling With Wall Street’s Repeat Offenders

"On Wall Street, it would be the corporate equivalent of a parole violation: Just two years after avoiding prosecution for a variety of crimes, some of the world’s biggest banks are suspected of having broken their promises to behave.

A mixture of new issues and lingering problems could violate earlier settlements that imposed reforms and fines on the banks but stopped short of criminal charges, according to lawyers briefed on the cases. Prosecutors are exploring whether to strengthen the earlier deals, the lawyers said, or scrap them altogether and force the banks to plead guilty to a crime."


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Comments

  • Oh yes, all those terribly chafed hands, from all that hand-wringing! What to do, what to do............ yackity yackity yackity yack; blah blah blah blah............ must be an election year............
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