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View Diary: If the system is rotten it can not recover until the rot is cut out. (13 comments)

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  •  Why has the DOJ failed to act on evidence of (3+ / 0-)
    Recommended by:
    taonow, chuckvw, walkshills

    Wall Streeters criminal activities?

    Is there a chance some prosecutions may still take place?

    More than four years after the financial crisis, not one senior Wall Street executive has faced criminal prosecution for fraud. Are Wall Street bankers simply “too big to jail?”
    In The Untouchables, FRONTLINE producer and correspondent Martin Smith investigates why the U.S. Department of Justice has failed to act on credible evidence that Wall Street knowingly packaged and sold toxic mortgage loans to investors, loans that brought the U.S. and world economies to the brink of collapse.
    So, after talking with top prosecutors, government officials and industry whistleblowers, what did he find? Is there a chance some prosecutions may still take place?

    What do we really know about the criminal cases that could be have been pursued? And what does this investigation reveal about Wall Street and its relationship with the government?
    Live Chat Wed. 2 pm ET

    "Who are these men who really run this land? And why do they run it with such a thoughtless hand?" David Crosby

    by allenjo on Wed Jan 23, 2013 at 11:19:57 AM PST

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