(Corporate) Crime Most Definitely Pays
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/corporate-crime-pays/The New York Times reports that on August 7 a federal judge approved a settlement between the Justice Department and Morgan Stanley. Here’s the crime. In 2006 Morgan Stanley entered into a complex swap agreement with the New York electricity company KeySpan that gave it a stake in the profits of a competitor, enabling both… Continue reading



