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- Corporate death penalty; financial crisis; financial institutions; financial services; financial industry; banks; regulation; prosecution; fraud; fraud prevention; mortgages; securities; Wall Street (1)
- Large banks; Bank of America; settlement; JPMorgan; Chase; Wells Fargo; Goldman Sachs; Citigroup; too big to jail; white collar crime; financial crisis; regulations; regulatory model; regulators; Securities & Exchange Commission; SEC; Department of Justice; DOJ; Commodity Futures Trading; CFTC; Federal Reserve Board; the Fed; prosecution; executives; financial services; fines; Wall Street (1)
Articles 1 - 2 of 2
Full-Text Articles in Securities Law
Regulating The “Too Big To Jail” Financial Institutions, Jerry W. Markham
Regulating The “Too Big To Jail” Financial Institutions, Jerry W. Markham
Brooklyn Law Review
This article addresses the “too big to jail” regulatory model in which large banks pay hundreds of billions of dollars to settle multiple and duplicative regulatory charges brought by a horde of state, federal, and even foreign regulators. The banks pay those massive settlements in order to keep their banking charters and to obtain immunity from prosecution for senior executives. In turn, regulators benefit from the headlines these fines generate. Much criticism has been directed at these settlements because the banks are allowed to continue business as usual and no senior executives are jailed. Other critics contend that these settlements …
Opacity, Fragility, & Power: Lessons From The Law Enforcement Response To The Financial Crisis, Gregory M. Gilchrist
Opacity, Fragility, & Power: Lessons From The Law Enforcement Response To The Financial Crisis, Gregory M. Gilchrist
Brooklyn Law Review
Review of Mary Kreiner Ramirez and Steven A. Ramirez, THE CARE FOR THE CORPORATE DEATH PENALTY: RESTORING LAW AND ORDER ON WALL STREET (New York 2017) The Case for the Corporate Death Penalty, by Mary Kreiner Ramirez and Steven A. Ramirez, argues that the limited law enforcement response to the 2008 financial crisis represented an unprecedented failure of the rule of law. It further maintains that the weak response by law enforcement was caused by the economic and political power of the largest financial institutions and those who run them. It concludes that the failure to vigorously prosecute the people …