Will Wall Street Ever Learn E-Mails Are Forever?
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April 1 (Bloomberg) -- Wall Street professionals (andothers) still don’t grasp that e-mails and text messages are noplace for laying out schemes of wrongdoing, for sharing one’sdoubts about the wisdom of selling a flawed product or forfreaking out when a large bet on an obscure derivative goesawry.
Even though the U.S. public has had exactly zerosatisfaction when it comes to holding Wall Street accountablefor the financial crisis that started in 2007, some degree ofsolace can be found in the stream of embarrassing e-mails anddocuments that those with subpoena power have kindly madeavailable to the rest of us in recent years.