Law, Strategy, and Risk in Commercial Disputes
We had to save the banks in order to sue them.
Jonathan Weil, "Suing Banks is Next Best Thing to Letting Them Fail", Bloomberg, Sept. 8, 2011 (referring mainly to Federal Housing Finance Agency lawsuit against 17 banks relating to "sale of residential private-label mortgage-backed securities").
Blawgletter's favorite Bloomberg columnist, Jonathan Weil, today takes keyboard in hand to tell us why the Securities and Exchange Commission just sued Goldman Sachs for civil fraud – "Goldman Serves One Master Better Than the Others". He teases with this:
Who knew the folks at the SEC still had it in them to accuse
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