Government Probes Interest Rate Collusion Among Banks (fund, lawyer, investments)
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Smoke and mirrors. They will investigate, just like they did with everything else and find "nothing".
The publicity that there is an investigation should be enough to make Americans happy that the government is working for them.
Meanwhile...the revolving door between government and business continues to swing..BofA hires ex-SEC guy to manage the legal ropes for them. Sure is nice to have friends in high places.
Bank of America hires ex-SEC official Gary Lynch - Yahoo! News (http://news.yahoo.com/s/nm/20110416/bs_nm/us_bankofamerica_lynch - broken link)
"Bank of America said it has hired Gary Lynch, a former director of enforcement at the U.S. Securities and Exchange Commission, to head its legal, compliance, and regulatory relations efforts."
(Reuters) - A Morgan Stanley property fund failed to make $3.3 billion in debt payments by a deadline on Friday, handing over the keys to a central Tokyo office building to Blackstone and other investors, the largest repayment failure of its kind in Japan.
It marks the latest fallout from a series of highly leveraged investments by Morgan Stanley , one of the most aggressive investors in worldwide property markets before the global financial crisis.
Smoke and mirrors. They will investigate, just like they did with everything else and find "nothing".
The publicity that there is an investigation should be enough to make Americans happy that the government is working for them.
Meanwhile...the revolving door between government and business continues to swing..BofA hires ex-SEC guy to manage the legal ropes for them. Sure is nice to have friends in high places.
Bank of America hires ex-SEC official Gary Lynch - Yahoo! News (http://news.yahoo.com/s/nm/20110416/bs_nm/us_bankofamerica_lynch - broken link)
"Bank of America said it has hired Gary Lynch, a former director of enforcement at the U.S. Securities and Exchange Commission, to head its legal, compliance, and regulatory relations efforts."
It really much like criminal law attorney's really. They graduate from law school. They go to work for a DAs office to learn the trade of now the system works;such is how the police investigate. They didn't get this in law school really. Then they quit and become defense lawyers.Doctors pay the same dues by internship to learn.Other professions down to blue collar do the same except they start at the bottom to learn it all;most times as cheap labor.
It really much like criminal law attorney's really. They graduate from law school. They go to work for a DAs office to learn the trade of now the system works;such is how the police investigate. They didn't get this in law school really. Then they quit and become defense lawyers.
I didn't think this is true at all. The overwhelming majority of criminal defense law involves charging clients for you to negotiate a plea on relatively minor offenses, the nuances of the cases and history of the offender might differ but it is pretty much same shyte different toilet.
Some defense attorneys are former prosecutors (and they'll usually advertise that fact) but those hundreds of ads in the yellow pages for attorneys that handle things like DUIs most don't have experience as a government prosecutor.
Doesn't the government SET the interest rates in the first place? Locking the banks into a narrow range of rates that they themselves can economically apply to their customers?
I didn't think this is true at all. The overwhelming majority of criminal defense law involves charging clients for you to negotiate a plea on relatively minor offenses, the nuances of the cases and history of the offender might differ but it is pretty much same shyte different toilet.
Some defense attorneys are former prosecutors (and they'll usually advertise that fact) but those hundreds of ads in the yellow pages for attorneys that handle things like DUIs most don't have experience as a government prosecutor.
Those are the attorney that handle DUI and other cases that are called bread and butter cases by the attorney's. They in fact are like many who really rarely actually go to trial. Find a attorney who makes real money in crimianl law and its likely he either learned long term from a head attorney who was a DA or did it himslef.In criminal law there is alot more than motions . There are also alot of attorney who never do well.Civil law is purely a case of working for other attorney until you know the reality;besides which it takes money to fiance the best of those cases.That is wehy you see those ads for attoneys that do nothing but sort clients for attlenys that handle the trail parts which they put in small print at the bottom of the ad.We are talking about the large fianial firms ;not the guy who handles your small tax settlement as a indivdual;which are like DUI cases.
"They will investigate, just like they did with everything else and find "nothing"."..
YEP - nothing to see here people, move along....
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