Tuesday Is Fraud Day

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Dreier, LLC will be seeking bankruptcy protection and so, likely, will its founder Marc Dreier, this according to a receiver appointed to run the firm.
I suppose in many ways Derier timed this wonderfully. Taking advantage of the Made-off scam (accidentally, of course) has permitted him to avoid almost any attention from the gentle mercies of the press during this whole affair. What's $380 million to $50 billion, after all? And who is surprised when a lawyer turns up crooked- compared, that is, to the likes of the eminently likable Bernie?
Prominent NY law firm to seek bankruptcy [Associated Press]

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