That is why they get young little punks to become analyst. The street can use them as "fall guys" by offering them large payouts. If they really wanted a penalty they could hold them personally liable and file criminal charges against top management for going along with the scam. Blodget was the hold up guy and the firm was the get away car.
Penalties should be Assets - liablities= settlement penalty
Blodget then go back and be the shoe salesman he should have been.
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