Relevant:
- Lehman Brothers to file for bankruptcy
- CONSUMER BANKRUPTCY FILINGS REACH HIGHEST MONTHLY TOTAL SINCE 2005 BANKRUPTCY LAW OVERHAUL
- JPMorgan and Madoff Were Facilitating Nesting Dolls-Style Frauds Within Frauds
- New Book: Madoff Fraud Go at JPMorgan Went To The Top
- Judge Rakoff Limits Madoff Clawbacks To "Protect Securities Market" - Despite Lack of Real Trades
2012-05-09 — institutionalriskanalytics.com
In this issue of The Institutional Risk Analyst, we return to the Lehman Brothers, Madoff and MF Global bankruptcies to talk about how the largest banks have wired US bankruptcy laws to their own advantage. Specifically, the 2005 changes to the bankruptcy code, combined with the traditional American caution regarding pre-judgement restraint on the parties surrounding a bankruptcy, has provided American banks with a free pass to facilitate fraud with no accountability
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