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Back to Which Way, L.A.?

Which Way, L.A.?

Are Wall Street Execs Getting Off Easy for Committing Fraud?

Federal Judge Jed Rakoff is still considering Citigroup's latest settlement of fraud charges brought by the Securities and Exchange Commission. It follows a familiar pattern — for Goldman Sachs, Morgan Stanley, JP Morgan Chase, Bank of America —and for Citigroup itself. But for corporate executives there's no shame and no pain.

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By Warren Olney • May 12, 2014 • 1 min read

Federal Judge Jed Rakoff is still considering Citigroup's latest settlement of fraud charges brought by the Securities and Exchange Commission. It follows a familiar pattern — for Goldman Sachs, Morgan Stanley, JP Morgan Chase, Bank of America —and for Citigroup itself. But for corporate executives there's no shame and no pain. We hear how the latest case against Citigroup fits into a troubling pattern.

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    Warren Olney

    former KCRW broadcaster

  • KCRW placeholder

    Christian Bordal

    Managing Producer, Greater LA

  • KCRW placeholder

    Karen Radziner

    Managing Producer, To the Point & Which Way LA?

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    Anna Scott

    Former KCRW Housing and Homelessness Reporter

  • KCRW placeholder

    Edward Wyatt

    New York Times

  • KCRW placeholder

    Arthur Levitt

    Goldman Sachs

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    Robert Scheer

    Host, 'Scheer Intelligence'

    News
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