Dreier Gets House Arrest
You know what's really great about being wealthy and white? When you do something very bad, a judge will still probably allow you to go home to your comfy bed! Judge Jed Rakoff ruled today that Marc Dreier, the lawyer accused of bilking clients out of $400 million, can remain confined to his home on a $10 million personal recognizance bond. Dreier will have to pay to have armed security guards with him at all times, and they'll be entitled to use "reasonable force" if he tries to flee. And if Dreier gets bored sitting at home, he'll always be able to have nice, long chats with Bernie Madoff. [AP, WSJ]