SEC's top Keystone cop says goodbye.
Khuzami's exit interview with Bloomberg.
Must read piece on Khuzami's exit from Reuters Cate Long:
More from our story last week on Khuzami's departure.
Keep in mind that Citigroup was hiding - lying about - $40 billion of sub-prime exposure, and the CFO at the time, Gary Crittenden was fined a paltry $100k for his role in this blatant rape of federal securities law. Khuzami who once promised to be a tough cop on the beat, allegedly broke protocol, held a secret meeting with his good friend - counsel for Citi - then instructed SEC staff to go easy on Crittenden and Arthur Tildesley, the lying curbskank at the helm of Citi investor relations.
More evidence that the financial crisis is a legal crisis in drag has emerged with two stories about the hiring of top regulators after they failed to detect massive financial frauds that occurred right under their noses. First is S.E.C. enforcement head Robert Khuzami. Before becoming top cop at the S.E.C., he was Deustche Bank’s top lawyer while it was concealing $12 billion of losses in late 2008, according to people who worked there.
The gang that couldn't shoot straight. What Wall Street crook wouldn't be afraid of Khuzami's intrepid team of crime fighters?