One of the most glaring travesties of the financial crisis has been the failure of the U.S. justice system to establish the truth and punish the responsible. In at least one case, it’s not too late to do the right thing.
U.S. District Judge Frederic Block should reject the preposterous proposed civil settlement between the Securities and Exchange Commission and Ralph Cioffi and Matthew Tannin, former Bear Stearns hedge-fund managers. The public deserves to see this case go to trial.
