As Securities and Exchange Commission (SEC) Chair Mary Jo White comes under pressure for leniency regarding big bank criminal behavior, a well-known former Bear Stearns investment banker is offering a solution.
Banker justice: reality is no regulator wants to shut down a systemically significant institution
The problem with the current system, says Joeseph Fichera, is that not granting a large bank exemptions for their criminal behavior could lead to a swift death to the firm, leaving a crater inside the world economic system as was the case with Arthur...
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