The Bottomless Lie: How Wall Street and Its Regulators Screw You at Every Possible Junction

“This is half-baked justice at best,” US District Judge Jed Rakoff wrote earlier this week in disgust. He had just signed off on a “paltry” deal between the Securities and Exchange Commission and Bank of America. The SEC sought punitive damages on behalf of BofA shareholders, rightfully accusing the bank of lying to its investors [...]