Faculty News

Prof. Roy Smith weighs in on Wall Street's settlements with the Justice Department under Geoffrey Graber

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Excerpt from Bloomberg -- "Critics such as Roy Smith, a professor at New York University’s Stern School of Business, say prosecutors were driven by 'political fever' to extract massive penalties from Wall Street. 'They have to deliver something, so they come up with this,” said Smith, a former Goldman Sachs Group Inc. (GS) partner. 'The fact that it’s unfair never really gets considered. The banks have no choice but to hunker down and accept it.'"

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