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The Hole in Holder’s Legacy
Keywords:
Tags: United States,
Adam Liptak's interview with Judge Rakoff on the Justice Department's failure to prosecute individuals responsible in the 2008-2009 financial crisis
11/28/2011
Liptak's intervew comes as Judge Rakoff outlined his views on moral responsibility and the consequences of not holding responsible the individuals involved. He also speculates on why the Justice Department -including Bauer and Attorney General Holder- has failed to take action. On Holder's argument that this would have done damage to the U.S. economy, Rakoff says this violates the principle of equal responsibility before the law. As a result billions of dollars have been collected from corporations for violations but few individuals have been prosecuted and sentenced who were involved in activities leading to the crisis, and no serious deterrent for individuals established.
Grouped Articles
Stern Words for Wall Streetâs Watchdogs, From a Judge
New York Times 12/16/2013
SEC-Citi Pact Rejected by Judge Rakoff
Wall Street Journal 11/28/2011
Eric Holder Resigns, Setting Up Fight Over Successor
New York Times 09/25/2014
New York Times 09/29/2014
Banks as Felons, or Criminality Lite
New York Times 05/22/2015
Bank of America's legal settlement with the U.S. Justice Department for $17 billion related to faulty mortgages
08/21/2014
Grouped Articles
Bank of America to Pay $17 Billion in Justice Department Settlement
Wall Street Journal 08/21/2014
Bank of America Mortgages Show Conflict and Trickery in Mortgages
New York Times 08/21/2014
Record Bank of America Settlement Latest in Government Crusade
Wall Street Journal 08/22/2014
An Unfinished Chapter at Countrywide
New York Times 08/23/2014
New York Times 09/29/2014
Bank of America’s Woes Test ‘Fixer’ CEO
Wall Street Journal 05/15/2015
BP's $4.5 billion legal settlement with the U.S. Justice Department on the Deepwater Horizon rig Gulf oil spill
11/15/2012
The Justice Department took a different approach to the settlement by indicting three BP managers for improper conduct during the Gulf Oil Spill. This was meant to act as a deterrent to other company managers in such situations. BP's oil spill fund and legal liabilities.
Grouped Articles
BP Says Spill Fund Is Running on Fumes
Wall Street Journal 07/30/2013
New York Times 09/29/2014
BP Agrees to Pay $18.7 Billion to Settle Deepwater Horizon Oil Spill Claims
Wall Street Journal 07/03/2015
BP Faces Up to $13.7 Billion in Fines in Deepwater Gulf Spill Case
Wall Street Journal 07/03/2015
BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill
New York Times 07/02/2015
BP Results Still Hurt by Gulf Spill B1
Wall Street Journal 04/28/2016
Commerzbank and the U.S. Justice Department
07/07/2014
Grouped Articles
U.S. Scrutiny for Banks Shifts to Commerzbank and Germany
New York Times 07/07/2014
New York Times 09/29/2014
Commerzbank Likely to Pay More than $1 Billion to Settle Probes
Wall Street Journal 12/12/2014
Commerzbank of Germany to Pay $1.5 Billion in U.S. Case
New York Times 03/12/2015
HSBC and $1.92 billion settlement with U.S. Justice Department for money-laundering charges
03/06/2009
Grouped Articles
New York Times 03/06/2009
New York Times 09/29/2014
HSBC Hurt by $1.69 Billion in Legal and Other Costs
New York Times 11/03/2014
HSBC Hurt By $1.69 Billion in Legal Costs
New York Times 11/03/2014
HSBC Hit by Fresh Details of Tax Evasion Claims
Wall Street Journal 02/10/2015
HSBC to Pay Record Fine to Settle Money Laundering Charges
New York Times 12/11/2012
Lack of prosecutions by U.S. government agencies after the financial crisis of 2008
01/20/2010
A record of few prosecutions of senior executives of the companies that engaged in practices that led to the financial crisis of 2008. Various reasons are cited - the fragility of the financial system in 2009, the lack of cooperation from regulatory agencies, lack of funding for the FBI and the Justice Department to assign special staff for the effort.
Grouped Articles
Stern Words for Wall Streetâs Watchdogs, From a Judge
New York Times 12/16/2013
SEC-Citi Pact Rejected by Judge Rakoff
Wall Street Journal 11/28/2011
New York Times 09/29/2014
In Financial Crisis, No Prosecutions of Top Figures
New York Times 04/14/2011
Federal Agencies' Responses on Enforcement Actions
New York Times 04/14/2011
As Wall Street Firms Grow, Their Reputations Are Dying
New York Times 04/27/2011
U.S. Attorney General Eric Holder
09/25/2014
Grouped Articles
Eric Holder Resigns, Setting Up Fight Over Successor
New York Times 09/25/2014
New York Times 09/29/2014
BNP Paribas and the U.S. Justice Department legal settlement
05/30/2014
Grouped Articles
Justice Dept. Seeks More Than $10 Billion Penalty From BNP Paribas
Wall Street Journal 05/30/2014
Wall Street Journal 05/31/2014
U.S. Wants Firings at France's BNP
Wall Street Journal 05/31/2014
Possible U.S. Fines Increase Tensions at BNP Paribas
Wall Street Journal 06/05/2014
BNP's Real Capital Punishment Could Come From Clients
Wall Street Journal 06/09/2014
Wall Street Journal 06/16/2014
Citigroup's $7 billion legal settlement with the U.S. Justice Department in 2014
07/10/2014
Grouped Articles
Wall Street Journal 07/10/2014
Fron Benghazi to the Boardroom- The Road to the $7 Billion Citigroup Settlement
New York Times 07/13/2014
Citigroup to Pay $7 Billion in Mortgage Probe
Wall Street Journal 07/15/2014
New York Times 09/29/2014
Citigroup Braces for Big $2.7 Billion Legal Bills
New York Times 12/09/2014
Rigging of Foreign Exchange Market Makes Felons of Top Banks
New York Times 05/20/2015
How the $7 Billion Citigroup Settlement with the U.S. Justice Department was reached starting with Citigroup's offer of $363 million
07/13/2014
Grouped Articles
Fron Benghazi to the Boardroom- The Road to the $7 Billion Citigroup Settlement
New York Times 07/13/2014
Citigroup to Pay $7 Billion in Mortgage Probe
Wall Street Journal 07/15/2014
Wall Street Journal 07/15/2014
U.S. Settles Mortgage Inquiry for $7 Billion
New York Times 07/14/2014
New York Times 09/29/2014
Shrunken Citigroup Illustrates a Trend in Big U.S. Banks
New York Times 04/15/2016
Jean-Laurent Bonnafe, CEO of BNP Paribas at the time of the 2014 $9 billion settlement with the U.S. Justice Department
07/01/2014
Grouped Articles
BNP Paribas CEO Faces a Testing Moment
Wall Street Journal 07/01/2014
BNP Shows Banks Whistle Past Prosecutorial Graveyard
Wall Street Journal 07/02/2014
New York Times 09/29/2014
Swiss bank Credit Suisse's $2.6 billion settlement with the U.S. Justice Department in 2014
05/19/2014
Grouped Articles
Credit Suisse's CEO is Called the 'Teflon Man'
New York Times 05/19/2014
In Tax Case, Credit Suisse is Denied Milder Penalty
New York Times 05/19/2014
Wall Street Journal 05/21/2014
Credit Suisse Pleads Guilty in Felony Case
New York Times 05/19/2014
Credit Suisse CEO Brady Dougan Nearly Lost Job During Tax Probe
Wall Street Journal 05/21/2014
The End of the Swiss Bank Account As We Know It
BusinessWeek 05/22/2014
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