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[31 Jul 2009 | No Comment | 1,885 views]

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From Investment Fraud Blawg, Securities Fraud Blawg, and Stockbroker Fraud Blawg:
On July 30, 2009, New York Attorney General Andrew Cuomo issued a report entitled “No Rhyme or Reason: The ‘Heads I Win, Tails You Lose’ Bank Bonus Culture.”
In the report, Mr. Cuomo discusses the compensation programs instituted by banks and brokerage firms while the economy was heading for, and in the midst of, crisis. The findings are truly astonishing are summed up well as “When the banks did well, their …

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