Jed Rakoff

Tyler Durden's picture

Frontrunning: August 6





  • So that's what Obama meant by "costs" - Italy Recession, German Orders Signal Euro-Area Struggle (BBG)
  • Russia worries, weak German data weigh on Europe (Reuters)
  • Hedge Funds Betting Against Banco Espírito Santo in Line for Big Gains (WSJ)
  • Bankers Called Up for Ukraine War as Rolls-Royce for Sale (BBG)
  • Double Punch for 'Inversion' Deals (WSJ)
  • Statist Strongmen Putin-Xi See History’s Capitalism Clash (BBG)
  • China bans beards, veils from Xinjiang city's buses (Reuters)
  • BATS to Settle High-Speed Trading Case (WSJ)
  • Second Ebola patient wheeled into Atlanta hospital for treatment (Reuters)
 
Tyler Durden's picture

Vietnam Shows How To Clean Up The Banking System: Ex-Banker Faces Death Penalty For Fraud





The lack of prosecution of bankers responsible for the great financial collapse has been a hotly debated topic over the years, leading to the coinage of such terms as "Too Big To Prosecute", the termination of at least one corrupt DOJ official, the revelation that Eric Holder is the most useless Attorney General in history, and even members of the judicial bashing other members of the judicial such as in last night's essay by district judge Jed Rakoff. And naturally, the lack of incentives that punish cheating and fraud, is one of the main reasons why such fraud will not only continue but get bigger and bigger, until once again, the entire system crashes under the weight of all the corruption and all the Fed-driven malinvestment. But what can be done? In this case, Vietnam may have just shown America the way - use the death penalty on convicted embezzling bankers. Because if one wants to promptly stop an end to financial crime, there is nothing quite like the fear of death to halt it.

 
Tyler Durden's picture

Frontrunning: April 4





  • Helicopter QE will never be reversed (Evans-Pritchard)
  • Bank of Japan Launches Easing Campaign under new leadership (WSJ)
  • Draghi Considers Plan B as Sentiment Dims After Cyprus Fumble (BBG)
  • Spain threatened by resurgent credit crunch (FT)
  • U.S. Dials Back on Korean Show of Force (WSJ)
  • Gillard Urges Aussie Firms to Emulate German Deutschmark Success (BBG)
  • Bank watchdog warns on retail branches (FT)
  • Xi's Russia visit confirms continuity of ties (China Daily)
  • Portuguese Government Survives No-Confidence Vote (WSJ)
  • Mortgage rates set for fall, Bank of England survey shows (Telegraph)
  • Russia’s bank chief warns on economy (FT)
  • Fed member hints at summer slowing of QE3 (FT)
 
rcwhalen's picture

Why James Giddens Needs Receivership Powers in MF Global Bankruptcy + CNBC Hit on JPM





Giddens ought to approach the bankruptcy judge and suggest that they both apply to Judge Rakoff for the appointment of a receiver in the MF Global bankruptcy. 

 
Tyler Durden's picture

Frontrunning: March 16





  • Tapping oil from the SPR may be trickier than ever (Reuters)
  • Why Quantitative Easing Is The Only Game in Town: Martin Wolf (FT)
  • Lacker Says Fed May Need to Raise Target Interest Rate in 2013 (Bloomberg)
  • Japan Debt-Financing Concern Clouds BOJ’s Bond Buying (Bloomberg) No worries - US will just buy Japan's bonds
  • IMF Approves €28bn Loan to Greece (FT)
  • Banks Want Fed to Iron Out 'Maiden' (WSJ)
  • China 'Wealth Exodus' Underestimated (China Daily)
  • Geithner Calls For Reforms to Boost Growth (FT)
  • China Adds Treasuries For First Time Since July on Europe Woes (Bloomberg)
  • Osborne Weighs 50p Tax Rate Cut To 45p (FT)
 
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