Rakoff is the iconoclastic U.S. District Court judge who’s been at the heart of some of the most significant trials stemming from the financial crisis. And what he really wanted to know is why more there haven’t been more criminal prosecutions of top financial executives (the very ones who, not coincidentally, made many of the people in his audience quite wealthy). To Rakoff the answer, clearly, is gun-shy federal prosecutors.
via Judge Rakoff Wants Someone to Pay – Bloomberg
