Five years after the financial crisis, the WSJ produces this enormous graphic about SEC prosecutions, and the lack thereof. The key takeaway: If you can write a bog enough check, you do not really need to worry about breaking the law. Settlements are merely another cost factor, a cost of doing business. After initially rejecting an SEC settlement with Bank of America, U.S. District Judge Jed S. Rakoff sums up this assembly line process: “While better than nothing, this is half-baked justice at best.”
via WSJ: SEC Prosecution Fail | The Big Picture.
