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Reply #6: The appeal to the SCOTUS will probably end up with the decision being vacated. [View All]

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toddwv Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-28-11 05:07 PM
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6. The appeal to the SCOTUS will probably end up with the decision being vacated.
I'm thankful that there is at least one judge that isn't afraid to stand up for justice:

"Judge Rakoff also refers at one point to Citigroup as “a recidivist,” or repeat offender, which has violated the antifraud provisions of the nation’s securities laws many times. The company knew that the S.E.C.’s proposed judgment – that it cease and desist from violating the antifraud laws – had not been enforced in at least 10 years, the judge wrote."

"Investors lost $700 million in the fund, according to the S.E.C., while Citigroup gained about $160 million in profits. "


Bravo, Judge Rakoff, BRAVO!
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