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I would agree that the self-deceiving fiduciary should be held financially responsible for the impact of their blindness, but I’m not sure all these cases are a
by nickff 5y ago
I would agree that the self-deceiving fiduciary should be held financially responsible for the impact of their blindness, but I’m not sure all these cases are actually crimes.
- NovemberWhiskey 5y agoI'm sure you know this but a broker-dealer (which is what we're primarily talking about in the context of Wall St banks) doesn't have a fiduciary duty to their counterparty.
- nickff 5y agoI was still addressing Enron case where many of the people charged were fiduciaries, but you're right re: the investment banks.