Admissions of guilt mean a bank could be sued in the future, and might lose clients in the mean time.
I don't know that Steve Cohen and SAC Capital are innocent of insider trading. But they shouldn't be punished for it either way.
As the government's lawsuit against the rating agencies starts to take shape, let's look back at how the agencies were able to do so much damage in the first place.
Rulemaking deadlines for financial reform were way too ambitious in the first place.
Mary Jo White has a reputation as a tough-as-nails prosecutor. But her record on Wall Street crimes tells a more complex tale.