Re:Why didn’t any Wall Street CEOs go to jail after the fina...
by nickff on Tuesday August 24, 2021 @03:45PM
(#28293930)
I would agree that the self-deceiving fiduciary should be held financially responsible for the impact of their blindness, but I’m not sure all these cases are actually crimes.
[ Parent
| on HN ]
Re:Why didn’t any Wall Street CEOs go to jail after the fina...
by NovemberWhiskey on Tuesday August 24, 2021 @04:01PM
(#28294168)
I'm sure you know this but a broker-dealer (which is what we're primarily talking about in the context of Wall St banks) doesn't have a fiduciary duty to their counterparty.