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The case against Fabrice Tourre raises several issues regarding the behavior of Wall Streeters during the buildup of the financial crisis and the level of responsibility of employees. Goldman Sachs had settled the case with the SEC for half a billion dollars in 2010, while Tourre chose to fight the charges. Regulators as a whole have been criticized for failing to prevent the excesses that led to the worst financial crisis since the Great Depression, and have had a hard time getting verdicts against top executives.
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