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Wall Street feels new heat from trio of officials

In the years after the financial crisis nearly toppled the U.S. economy, few government officials were successful in holding Wall Street accountable. That is changing. The reckoning for Wall Street’s sins, while still in the early phases, may finally be at hand. And some analysts and officials point to three figures in New York and Washington who have been at the forefront of the effort: a prosecutor, a judge and a regulator. There is no formal collaboration among the three — U.S. Attorney Preet Bharara in Manhattan, U.S. District Judge Jed S. Rakoff and Securities and Exchange Commission Chairman Mary Jo White. But their collective efforts have helped usher in a more aggressive era in prosecution and, some analysts say, may have even helped lay the legal groundwork for many of the government’s probes against megabanks such as JPMorgan Chase. More in the Washington Post here.

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