The Feds are apparently preparing a very big Wall Street prosecution:
U.S. in Vast Insider Trading Probe
It’s interesting that this was not revealed until after the election, because the Justice Department cracking down on financial crooks would have been a good thing to leak, politically. It also appears that Goldman Sachs is a target, which is long overdue, but it’s hard for me to believe they won’t slip out of the net again as they always do.
Unfortunately, all of the details appear to indicate the classic old-fashioned leak-info-about-upcoming-acquisitions type of insider trading, while the criminality which killed the economy, involving fraudulent borrowing and lending and bond-rating, will go unpunished. I’ll have a post tomorrow about the “math abuse” behind the financial collapse.