Devil’s bargain: Wall Street and the Martin Act

posted by
August 31, 2011
Cato Institute
by Walter Olson  
Posted in Commentary

"[I]t's a mistake to see Schneiderman's left-tilting politics as the main source of the problem. As became clear under the reign of then-AG Eliot Spitzer, the trouble is with the state of the Martin Act itself. And the state of that law results from a devil's deal that many leading New York City firms were happy enough to accept -- until it blew up in the complacent faces of their execs and lawyers." (08/30/11)  

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