Aren't fraudsters supposed to go to jail?
(Last Thursday, the U.S. District Court judge overseeing the case demanded that the S.E.C. explain how
such serious securities fraud could end with the defendant neither admitting nor denying wrongdoing.)
Hey, Daddy, i read about your Citygroup fraud today.
Yeah, son, we paid a fine. No big deal then, eh, Dad?
That's right, son. No big deal.
Capitalism and free markets are the best engines for generating growth and relieving poverty —
provided they are balanced with meaningful transparency, regulation and oversight.
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