Citigroup Settlement Tossed: Judge Tells SEC To Get It Together

Monday, November 28, 2011 Citigroup Settlement Tossed: Judge Tells SEC To Get It Together In a potentially precedent setting ruling on Monday, a federal judge in New York tossed out a settlement between the Securities and Exchange Commission and Citigroup, effectively telling the SEC -- which is responsible for protecting investors and maintaining fair, orderly markets -- that it isn't not going far enough in holding financial institutions accountable for their wrongdoings. Stocks Surge On Record Black Friday Numbers Larry Summers Denounces Inequality -- But Why? Business Owners: Lack Of Retirement Preparation An American Crisis Fitch Lowers Outlook On U.S. Credit Rating Money Managers Claim $254 Million Jackpot BLOG POSTS Dean Baker: Time to Retake Politics From the One Percent in Both Political Parties The country is still celebrating the inability of the super committee to cut Social Security and Medicare, but it is important to move on from this victory to retake control of the political debate from the One Percent. In short, it's time to expose the lies for what they are. The One Percent have rigged the deck over the last three decades to accomplish the most massive upward redistribution in the history of the world. These are not people who care about budget deficits or free trade or free markets. They care about making themselves richer at the expense of everyone else. Barry Levinson: The Economics of Abbott and Costello If that great comedy team were still alive, the routine on our unemployment woes might go something like this. Jeffrey Sachs: Fairness and the Occupy Movement Revisited Across the ideological spectrum, we all agree on the need to end crony capitalism. But let us also work together not to cripple government but to make it work for all Americans. Leo W. Gerard: The 1 Percent Indifferent to Their Indebtedness Americans don't like debt, including bills owed by their government. It weighs on them, even when it's to create jobs and speed recovery. That's why there was a deficit Super Committee. But for the majority of millionaires, incurring debt does not evoke anxiety. Raymond J. Learsy: Germany's Misguided Paradigm as Versailles Treaty Enforcer While the Brilliance of Reunification Goes Unheeded Sometimes it is not just the numbers. The human factor and historical imperatives need play their role in policy formation. For Germany and for Europe, much more is at stake than simply the balance sheet of the European Central Bank.

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