July 27, 2012
In the Media
Libor Crime Probe in U.K. Starts as U.S. Readies
Indictments
By Greg Farrell and Lindsay Fortado
San Francisco Chronicle
July 27, 2012
Excerpt:
U.S. prosecutors have been criticized for failing to bring any
“meaningful” cases against individuals stemming from the financial
crisis, said Michael Perino, a law professor at St. John’s
University in New York.
“A lot of what led to the financial crisis was reckless behavior
that might not have been criminal,” Perino said. “There is this
remaining pent-up anger that a different set of rules seems to
apply to banks and Wall Street.”