Tuesday, January 26, 2016

Quote of the Day (Judge Jed Rakoff, Calling Wall Street to Account for Financial Fraud)

“During the 16 years I was a criminal defence lawyer, I represented mostly high-level executives. I guarantee you the only thing they feared was the prospect of spending a day in jail. That was totally abominable, whereas being fined, they couldn’t care less.”— Jed Rakoff, a federal district judge for the Southern District of New York, demanding greater accountability in cases of alleged Wall Street fraud, quoted in Kara Scannell, “Lunch with the FT: Jed Rakoff,” The Financial Times, Sept. 12-13, 2015

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