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Jed Rakoff to SEC: Do you think I'm a tool?

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Birth Control Works12/05/2011 2:08:17 am PST

re: #1 researchok

You might wonder why the SEC would get into bed with Citibank.

Unless of course Citi is holding something over the SEC’s head- as in the real amount of the bailout money, the conditions under which it was given out and the documents that were never to be made public.

Rakoff rightly won’t have any of it.

He’s the real hero here.

Wait, I thought the un-disclosed money was between the Federal Reserve and the Clearing House Banks. SEC wasn’t involved —no?

I hate to use the word: Collusion, but I can’t think of another. The good Ole Boy club is alive and well between Wall Street and D.C.