Wednesday, November 21, 2012

The Wall Street Wiretap Sword Of Damocles

Mark Pomerantz, a former federal prosecutor, says the government wants everybody on Wall Street to believe all their conversations are being taped.

Pomerantz tells MarketWatch that the perception of wiretaps being employed in a widespread way is great for deterrence. However, he said he didn’t think they were being employed extensively by federal prosecutors. (more)