Bloomberg’s Keri Geiger, Richard Farley, partner at Paul Hastings, and Bloomberg View columnist Barry Ritholtz break down the guilty plea by Credit Suisse that ends a three-year probe on tax evasion by the U.S. Justice Department and how the outcome could potentially impact the banking industry.


Source: Bloomberg Television’s “Market Makers.”

Category: Corporate Management, Legal, Video

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6 Responses to “Appearance: What Does Credit Suisse’s Guilty Plea Mean?”

  1. Iamthe50percent says:

    “Top executives get to keep their jobs” That says it all.

  2. CD4P says:

    Wow, what a history re-write by Farley on Eric Holder’s “Too big to prosecute” statement of a couple years ago. I think Farley was recently in Colorado for the recent 4/20 celebration.

  3. Expat says:

    What does it mean? It means that, like Cosa Nostra or Al Qaeda, the organization lives on despite a few soldiers getting arrested. A few bucks in fines. A little bad press (no such thing as bad publicity anyway).

    What is important is that the company, the bosses remain in control, la famiglia endures, and the traditions live on.

    God bless Wall Street and the great men who work there.

  4. Init4good says:

    Means there are at least 2 sets of standards: One for the wealthy capital managers and another for the schmoes.

  5. Arequipa01 says:

    Very solid appearance, strong arguments and kudos on the robosigning reference. Very fine all around. And what an unctuous c*ck g*bbler that Farley is…

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