Thursday, February 07, 2013

Low-Hanging fruit... the interest of holding conspirators accountable for the financial crisis, the JD attacks the low-hanging fruit (read: the institutions that provided the least amount of campaign contributions, or the ones where future campaign contributions are deemed acceptable losses), with the added benefit of what appears to be obvious retaliation against the recent U.S. credit ratings.

The complaint itself reads like familiar lines, but could also be applied to the myriad financial institutions who were involved in the PURCHASE and SALE of securities.  In today's regulatory framework, anyone involved in finance must be aware of multiple entry-points for civil and criminal liability.

Its typically the facilitators, rather than the principals or secondary actors, who receive the killing blow.

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