Tag Archives: Citigroup

Over there is where the Occupy camp used to be


Robert Scheer links the Occupy movement to the fight against the sort of corruption embodied by the SEC: … As Judge [Jed] Rakoff stated, the Securities and Exchange Commission has charged Citigroup with “a substantial securities fraud” in the sale … Continue reading

Posted in City Hall, economic collapse, Great Recession, mainstream media, Occupy Wall Street, Philadelphia, Politics, The New Depression, unemployment, Wall Street | Tagged , , | 1 Comment

NYT, WSJ: SEC is in a quandary, not corrupt


In applauding the smackdown of the Securities and Exchange Commission regarding its $285 million penalty against Citigroup, Matt Taibbi wrote, “The [Judge Jed] Rakoff ruling shines a light on the way these crappy settlements have evolved into a kind of … Continue reading

Posted in mainstream media, New York Times, Wall Street | Tagged , , , , , | 1 Comment

Federal judge to SEC: Do your job!


Maybe the SEC hasn’t done a better job of policing Wall Street and protecting investors from fraud because the SEC itself is a fraud: A federal judge Wednesday challenged the SEC’s plan to settle a fraud case against Citigroup for … Continue reading

Posted in economic collapse, Great Recession, Obama, The New Depression, Wall Street | Tagged , , , , | 1 Comment