The Sunshine Report

Category Archive: Criminal Law

1. Good Regulation Requires Good Regulators

   0 Post on December 19, 2008

   As the SEC comes to grips with the Bernie Mad­off scan­dal, I am reminded of a law school course that I took 25 years ago where I was taught that good reg­u­la­tion requires good reg­u­la­tors. Unfor­tu­nately, the SEC has turned into a bad reg­u­la­tor and has lost the respect of the pub­lic it is sup­posed […] [read full story]

   Posted in: Chris Cox, Criminal Law, Finance, Madoff, Mary Schapiro, SEC

2. Sorry, big Federal spending doesn’t restore confidence. Five common sense confidence builders.

   3 Post on October 7, 2008

   Last Fri­day evening I was a guest on FOX Busi­ness and was asked if I thought whether the Paul­son Plan (which had just been approved by the House of Rep­re­sen­ta­tives) would improve con­fi­dence. The answer is an uncon­di­tional NO. Con­fi­dence is an expres­sion of trust in the integrity and wis­dom of our sys­tem and its […] [read full story]

   Posted in: Accounting, Confidence, Criminal Law, Finance, FOX BUSINESS NETWORK, Paulson

3. TELL ME IT AN’T SO…PAULSON HANDS OUT A “GET OUT OF JAIL FREE” CARD" rel="bookmark">TELL ME IT AN’T SO…PAULSON HANDS OUT A “GET OUT OF JAIL FREE” CARD

   1 Post on September 8, 2008

   This morn­ing on CNBC, Sec­re­tary of the Trea­sury Hank Paul­son advanced the cause of reck­less behav­ior when he inex­plic­a­bly gave the man­age­ment and boards of Fred­die Mac and Fan­nie Mae a “get out of jail free” card. Amaz­ingly, Paul­son announced that he didn’t blame the respec­tive senior exec­u­tives and boards for the fail­ures and that […] [read full story]

   Posted in: Credit Crisis, Criminal Law, Disclosure, economy, Fannie Mae, Finance, Freddie Mac, Paulson, Secretary Snow

4. CRIMINAL LAW 101 – WHITE COLLAR CRIME AND THE CREDIT CRISIS" rel="bookmark">CRIMINAL LAW 101 – WHITE COLLAR CRIME AND THE CREDIT CRISIS

   1 Post on August 3, 2008

   In my first year of law school I learned why enforce­ment of crim­i­nal and civil law is essen­tial for the United State’s social and eco­nomic func­tion­ing. Appar­ently, the elite lawyers of the Bush Admin­is­tra­tion didn’t learn the same les­son since they have a non-existent enforce­ment pol­icy which has made the US finan­cial mar­kets a Petri […] [read full story]

   Posted in: BANKS, Bernanke, Brokerage, Bush Administration, Credit Crisis, Criminal Law, Federal Reserve, Finance, McCain, Obama, REGULATION, SEC