Tag Archive "pension-fund-fraud"

JPMorgan Chase Building, Houston, TX

Chinese Corporate Frauds and US Banks’ Chinese Underwritings Dramatize the Folly of the Supreme Court’s Anti-American, Anti-Consumer Morrison Decision

May 11, 2012 - Will Goldman or JPMorgan sell questionable Chinese stocks to Americans? Our story questions how American investors can legally protect themselves from spurious Chinese stocks sold to them by American banks.


Judge Rakoff, photo courtesy of Cityfile

Are the Administration’s Regulators Acting in Judge Rakoff’s “Public Interest” or Wall Street’s?

Dec. 6, 2011 - In one of its filings prior to U.S. Judge Jed Rakoff’s celebrated November 28th refusal to rubber stamp an SEC-Citicorp deal allowing the bank – a “recidivist offender,” according to Rakoff -- to escape significant damages and an admission of wrongdoing for what could have been egregious, knowing fraud in Citi’s sale of bad mortgage-related assets to unwitting investors, the SEC incredibly asserted that “the public interest . . . is not part of [the] applicable standard of judicial review [of the proposed Citicorp settlement.]” To that, Manhattan federal Judge Rakoff simply responded: “This is erroneous.”


boycott apartheid sign on bus

SHAREOWNERS OF THE WORLD UNITE! “Occupy” Annual Meetings and Court Rooms

Nov. 11, 2011 - The spectacular fall and bankruptcy of Jon Corzine’s MF Global Holdings within clear sight of mostly inactive regulators reminds us that “the system is still far too vulnerable and the work of regulatory reform far from finished,” to quote a NEW YORK TIMES editorial on the subject. But, how to continue regulatory reform in a world in which one House of Congress is controlled by anti-regulatory zealots and existing regulators are too often afflicted by chronic DC/NY revolving door syndrome?