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View Diary: Comcast To Buy Time Warner Cable... What Could Possibly Go Wrong? Updated x2 (158 comments)

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  •  fair enough (1+ / 0-)
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    i'm sorry you had bad experiences with lawyers.  Mr. Quattrone aside, I think where it gets tricky is the characterization of the deals: i'm not so sure it's obvious  levels of risk were so readily ascertainable up front for such illiquid products and when home prices were rising (especially as banks so often kept the riskiest tiers for themselves), and we did discuss the borrower-facing ones above, which did get prosecuted and was at some remove from the largest banks.  More common I'm sure was misleading marketing, but it's surprising how little disclosure is required for such an important transaction.  I'd want just more information to see whose lawyers were in fact better, because the question isn't whether the actus reus existed for a crime or crimes, but the degree of confidence one has in proving which ones, if the purpose of the exercise is to support a political conclusion about the agency heads' willingness to serve the public interest.    

    Difficult, difficult, lemon difficult.

    by Loge on Thu Feb 13, 2014 at 04:12:56 PM PST

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