In Manhattan, an elderly group leads a recent march up Broadway. Occupy Wall Street protesters are raging against corporate greed and social inequality. AP photo
Wake up and good morning. Wall Street's image is all about making megabucks and oozing lots of machismo in deal making. But when it comes to policing wrongdoing on Wall Street, it's more like a kindergarten where a teacher says Now promise me you won't do that again.
Yes, teacher...
A New York Times analysis is out that shows nearly all of the biggest financial companies — Goldman Sachs, Morgan Stanley, JP Morgan Chase and Bank of America among them — have settled fraud cases by promising that they would never again violate an antifraud law, only to have the Securities and Exchange Commission conclude they did it again a few years later. St. Petersburg-based Raymond James Financial is included in this analysis.
The ...