Webbed overnight is a new entry in Canadian Business' Black Trial Blog, by Matthew McClearn. He provides a detailed review of the circumstances surrounding the removal of the 13 boxes, with both the prosecution's and the defense's version of events laced in.
Instead of a roundup at this time, I present a trivia item, which I happened upon in an old Martin Mayer book dealing with the Salomon Brothers T-note scandal of 1991: Nightmare on Wall Street (1993.) The chairman of the SEC at the time was none other than Mr. Richard Breeden, described by Mr. Mayer as one of three regulators (the other being E. Gerald Corrigan, then President of the Federal Reserve Bank of New York, and Robert Glauber, then Deputy Secretary of the Treasury) "revealed as having been drowsy if not actually asleep at the switch.... [All three] were not only tough and able, but vain." (p. 21.)
Yeah, Mr. Richard Breeden managed to garner a bit of unfavourable press as a result of that scandal, which had occurred on his watch. If you're interested, Mr. Mayer pegged the top boss at Salomon Bros. at the time, under whom the market manipulation had occurred, as a previously good man steered wrong by an arrogant and prodigal second wife, an ex-stewardess. That man was John Gutfreund.
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