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Saturday, July 27, 2013

How “Revolving Doors” Protect Wall Street’s Fraudsters

A funny thing happened on Robert Khuzami’s way to a $5-million-a-year job.

By funny I mean sickening; by sickening I mean a travesty of a mockery of a sham; by a travesty of a mockery of a sham I mean how the operatives at the SEC sometimes operate.

Robert Khuzami, the recently former head of enforcement at the Securities and Exchange Commission, just signed with powerhouse law firm Kirkland & Ellis, one of the nation’s biggest corporate firms, for a deal that guarantees him $5 million a year for at least the next two years.

After that, who knows? He might work his way up to join the top slot prestidigitators, I mean professionals, at the firm, who are paid about $8 million a year.

Good for him. He’s smart, aggressive, and knows how the games are played. He’s a playa.

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