Justice Can Be Done in Bear Stearns Case: William Cohan
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March 5 (Bloomberg) -- One of the most glaring travestiesof the financial crisis has been the failure of the U.S. justicesystem to establish the truth and punish the responsible. In atleast one case, it’s not too late to do the right thing.
U.S. District Judge Frederic Block should reject thepreposterous proposed civil settlement between the Securitiesand Exchange Commission and Ralph Cioffi and Matthew Tannin,former Bear Stearns hedge-fund managers. The public deserves tosee this case go to trial.