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The SEC doesn't plan to charge any JPMorgan (JPM) employees in a deal to resolve the alleged...

The SEC doesn't plan to charge any JPMorgan (JPM) employees in a deal to resolve the alleged fraudulent sale of mortgage bonds by the bank's Bear Stearns unit, the WSJ reports. That's despite SEC Commissioner Luis Aguilar last month saying that the lack of individual accountability for financial-crisis wrongdoing has led to a "significant amount of public concern, and understandably so."
Comments (2)
  • Hey, Aguilar will be their boss in two or three years when he's named VP of something. And they will be his regulator.

     

    The SEC is a spineless bunch of future/past bank employees. Lets just break up all TBTF institutions and then gut the bureaucrats that didn't prevent anything. And along with that should be a law preventing bank regulators from working for any large financial institution for 5 years.
    12 Nov 2012, 04:05 AM Reply Like
  • If this were a family, it would be called incest.
    12 Nov 2012, 04:10 AM Reply Like
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