This proves now big embattled SAC hedge fund manager Stevie Cohen is. Because if SAC goes down, a lot of big banks will be going down with him. My speculation? Despite SAC's obvious shenanigans, a few managers will be scapegoated to create the illusion of justice. Many will pay fines and admit no guilt.
The too-big-to-fail banks connected to SAC must be sanitized from any wrong-doing. Wall Street needs to be portrayed as that shining example of capitalism, instead of the rotten, corrupt, rigged market it has become.
http://www.cnbc.com/id/100940427
Saturday, August 10, 2013
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment