Wall Street is trading in record territory, the US economy is showing sustainable signs of life and yet five years after the global financial crisis sent the world economy to its lowest ebb since the Depression, not one banker has faced criminal charges in the US or Britain, despite what many would describe as questionable, if not culpable, behaviour that sparked the crisis.
Last week in Sydney, judge Jed Rakoff from the US District Court outlined his views on just how Wall Street got away with it. He also pointed to the danger signs ahead.
‘Enforcement 40’ for 2020
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