Litigation

Silverglate: "Goldman Sachs' Morality Play"

By Ted Frank

In Forbes, Harvey Silverglate makes some sound predictions how the Goldman Sachs case is going to play out, given the tremendous leverage the federal government has over the firm with the tools in the criminal prosecutors' arsenal. One could argue that this is rough justice, given the degree to which Goldman Sachs gamed taxpayer-funded bailouts to its advantage, but far better to have a world where there were neither politically-connected bailouts nor essentially random criminal prosecutions over profitable business practices.

Full post as published by Point of Law on June 08, 2010 (boomark / email).