Last Tuesday, we linked to Elizabeth Warren’s White House Blog post regarding her new position and the Consumer Financial Protection Bureau. The New York Times has set up a forum for user comments, which are always welcome here at the Corporate Observer as well.
Stanley Chais passed away on Sunday. The SEC had accused Chais of feeding roughly $1 billion of investor funds into Bernie Madoff’s Ponzi scheme, according to the Wall Street Journal’s Law Blog.
Len Blavatnik, a Russian-born billionaire who lost tens of millions because of JPMorgan’s investment in mortgage-backed securities, has sued the bank. As the New York Times reports, he is not “someone for whom one’s heart instinctively bleeds.” However, his goal – paving the way for banks to be held accountable for such criminally negligent behavior – is inspiring. If only the courts would see it the same way.
Assisted by David Martin