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Pigs and dwarves

19 Aug 2013 By Reynolds Holding

The hedge fund and its billionaire boss, Phil Falcone, admit wrongdoing in an $18 mln deal with the SEC. But credit goes to Jed Rakoff, the New York federal judge who has demanded harsher Wall Street penalties. The U.S. watchdog may have inflicted the bite, but he supplied the teeth.

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