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Fri Jan 18, 2013, 05:47 PM

 

FRONTLINE investigates why Wall Street’s leaders have escaped prosecution for any fraud...

Occupy Wall Street ‏@OccupyWallStNYC

Look out Jan 22nd for @frontlinepbs's new series "The Untouchables" on Wall St.'s un-prosecuted frauds:
http://www.pbs.org/wgbh/pages/frontline/untouchables/ … via @connaje


Video preview and press release at the link.


Press Release
January 14, 2013, 5:36 pm ET

More than four years since the financial crisis, not one senior Wall Street executive has faced criminal prosecution for fraud. Are Wall Street executives “too big to jail”?

18 replies, 2480 views

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Response to Fire Walk With Me (Original post)

Fri Jan 18, 2013, 05:51 PM

1. Looks interesting - which is typical for FRONTLINE. ( n/t )

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Response to Fire Walk With Me (Original post)

Fri Jan 18, 2013, 05:54 PM

2. Are Wall Street executives “too big to jail”?

Either that or they've paid off the entire justice system......Considering the obscene amounts of money they've stolen and/or awarded themselves as bonuses,i'm not sure that notion is as ridiculous as it sounds out loud.....

I have Frontline marked to watch on the 22nd......Thanks..

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Response to Flashmann (Reply #2)

Fri Jan 18, 2013, 06:46 PM

8. there has been argument that they really didn't break any laws

 

just had them changed

that's the way business is done now. make your own rules in the dead of night with corrupt evil fucking asshole politicians.

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Response to Whisp (Reply #8)

Fri Jan 18, 2013, 06:51 PM

9. I have heard that argument

But whether they did it beforehand,during or after the big theft(s),wouldn't that seem to at least border on conspiracy of a RICO statute level??...

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Response to Flashmann (Reply #9)

Fri Jan 18, 2013, 06:59 PM

10. haven't you heard? There are no conspiracies.

 

Just nuts that think there are!

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Response to Fire Walk With Me (Original post)

Fri Jan 18, 2013, 05:58 PM

3. Wall Street executives are not like you and I: indeed they seem to big (in

influence, power, and money) to jail, so the rottenness continues unabated.

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Response to Fire Walk With Me (Original post)

Fri Jan 18, 2013, 06:17 PM

4. Too busy prosecuting gardeners.

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Response to Fire Walk With Me (Original post)

Fri Jan 18, 2013, 06:19 PM

5. Look no further than Timmy the Turd,Alan the Ayn Randian Greenspan,Hank the Paulson,and of course

Georgie I want a piece of this Bush. Remember our President gave Timmy 2 years of no prosecutions in order to clean up Wall Street. After that,it was up to the DOJ to pursue anybody. Notice how congress has stiffed the Justice Dept as to prevent the hiring of investigators. This shit is going to be on going for years. If your check out many of the states news outlets,you will see many cases being brought or pending.

We are nowhere out of the woods with these thieves,nothing has changed other than another bubble is forming and the Biggies are going to try a scam of letting inflation bail both the politicians and them selves out. Same shit Reagan pulled off to cover their butts in the 80's.

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Response to Fire Walk With Me (Original post)

Fri Jan 18, 2013, 06:39 PM

6. K&R. NT

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Response to Fire Walk With Me (Original post)

Fri Jan 18, 2013, 06:44 PM

7. In a just world

the retribution would start when one of these crooked shysters gets tied to a pole on Wall Street and summarily horse whipped by one of their many victims.

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Response to Fire Walk With Me (Original post)

Fri Jan 18, 2013, 07:02 PM

11. The wealthy and connected don't have to live by the same rules as the rest of us.




... notice how it didn't take me 60 minutes of TV time to explain it?


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Response to Fire Walk With Me (Original post)

Fri Jan 18, 2013, 07:35 PM

12. K&R

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Response to Fire Walk With Me (Original post)

Fri Jan 18, 2013, 07:40 PM

13. Prosecute banksters? Pfft. ...... There are potheads to throw in jail !!!!




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Response to marmar (Reply #13)

Sat Jan 19, 2013, 01:45 AM

16. Wells Fargo own 3.5 million shares in a prison privatising company.

 

Private, for-profit prisons are taxpayer-funded and advertise a 90% occupancy rate. 46% of those in prison are there on drug-related offences.

Just another way the rich use our tax dollars to line their pockets.

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Response to Fire Walk With Me (Original post)

Fri Jan 18, 2013, 09:28 PM

14. Nothing new,....we knew in the 80's....

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Response to Fire Walk With Me (Original post)

Fri Jan 18, 2013, 10:38 PM

15. financial experts say it's very likely the banks would've taken money with whatever strings...

came attached. Unfortunately, but predictably, there were no such strings attached to the bailout...

Excellent piece from over a year ago on Fresh Air:
Why Prosecutors Don't Go After Wall Street
July 13, 2011 11:00 AM

...Congress had a lot of power, particularly in the fall of 2008 when they bailed out the banks, they could have demanded practically anything in exchange for that money but they actually demanded almost nothing. And that was because Hank Paulson, who was the Treasury secretary at that time, was afraid the banks wouldn't take the money if there were strings attached. But in retrospect, a lot of financial experts say now it's clear the banks were so at risk.

Even Goldman Sachs was borrowing money from the Federal Reserve through a private, kind of secret transaction that only came out recently. And so these financial experts say it's very likely the banks would've taken money with whatever strings came attached. And that might have been a way to hold the industry accountable, would have been to really impose major changes back then when they were begging on the taxpayers' door.

http://www.npr.org/2011/07/13/137789065/why-prosecutors-dont-go-after-wall-street

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Response to Fire Walk With Me (Original post)

Sat Jan 19, 2013, 01:49 AM

17. Is Frontline returning to its roots?

They got watered down pretty bad for years.
- and worse than watered down IMHO.
I had given up on it.

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Response to Fire Walk With Me (Original post)

Sat Jan 19, 2013, 01:51 AM

18. Plutocracies never punish the owners.

Why would they?

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