Judge Jed Rakoff gave a keynote address last week to a conference hosted by the Centre for Law, Markets and Regulation (CLMR) at the University of New South Wales.
The influential judge from the Southern District of New York spoke about the flawed rationale for non-prosecution of offences related to the Global Economic Crisis. Judge Rakoff explained, as far as he is aware, the Department of Justice in the US has taken the position that no crime was committed in connection with the events leading up to the financial crisis. Their public position is that they could not indict for three reasons, some of which may be familar to the Irish case.




