The SEC Says It Wants Big Banks to Admit Guilt, But Doubts Remain
June 27, 2013 at 10:05 AM EDT
Remember when federal Judge Jed Rakoff scared the bejesus out of Wall Street in 2011? That’s when he refused to sign off on a $285-million civil settlement between Citigroup (C) and the Securities and Exchange Commission over a massive mortgage fraud case. Judge Rakoff balked at the logic of the settlement because Citigroup was not [...] View the full post at: The SEC Says It Wants Big Banks to Admit Guilt, But Doubts Remain Related posts: Fed Asks Banks to Remain Silent on ‘Stress Test’ Results Cuomo Targets More Banks In Auction-Rate Securities Bailed-out Banks Considering Buying Toxic Assets