If President Barack Obama’s proposed overhaul of the financial regulatory system gets through Congress, it will be a virtual reboot of some of the most engrained government agencies. Here’s who some of the biggest winners will be.
While there may be good reasons to keep the commissions separate, mostly likely none of those informed the Obama administration’s decision. Instead it was probably just cold politicial calculation.
The Eleventh Circuit upheld the district court’s entry of a bar order that extinguished Richard Scrushy’s contractual claims both for indemnification of any settlement he may enter as well as for advancement of his legal defense costs.
Ruth Madoff has not been charged with any crime or even questioned by prosecutors. But she has become perhaps the most vilified spouse of a financial rogue in history.
Cuban’s strategy may well be a scorched earth approach: trying to make life as miserable as possible for the SEC attorneys litigating against him.