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October 22, 2009


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Ashish S.  Joshi

The lynchpin of defense in a white-collar prosecution is usually intent. Litigating intent is one of the most complex part of a white collar defense case. Check out this article that I wrote some time a go for a national journal - http://www.lorandoslaw.com/CM/Articles/Articles3.asp

However, your comments are accurate - "choosing to ignore the apocalypse is far different from failing to foresee it." And, this has led the prosecutors to go for the "willful blindness" jury instructions. White collar defense practitioners must be prepared to address the charge of willful blindness.

Per Kurowski

In May 2003 the Financial Times posted a letter I wrote that ended with “Everyone knows that, sooner or later, the ratings issued by the credit agencies are just a new breed of systemic errors, about to be propagated at modern speeds. Friends, as it is, the world is tough enough.”

So do not tell me this crisis was unpredictable… on the contrary it was doomed to happen.

mortgage long island

What do you mean by mortgage backed securities? Is it similar to asset backed security or different?

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