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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFRONTLINE 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?
Make7
(8,543 posts)Flashmann
(2,140 posts)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..
Whisp
(24,096 posts)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.
Flashmann
(2,140 posts)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??...
Whisp
(24,096 posts)Just nuts that think there are!
indepat
(20,899 posts)influence, power, and money) to jail, so the rottenness continues unabated.
Scuba
(53,475 posts)Wellstone ruled
(34,661 posts)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.
Kurovski
(34,655 posts)The Wizard
(12,545 posts)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.
lpbk2713
(42,757 posts)... notice how it didn't take me 60 minutes of TV time to explain it?
Squinch
(50,949 posts)marmar
(77,080 posts)Fire Walk With Me
(38,893 posts)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.
Spitfire of ATJ
(32,723 posts)MinM
(2,650 posts)came attached. Unfortunately, but predictably, there were no such strings attached to the bailout...
Excellent piece from over a year ago on Fresh Air:
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
upi402
(16,854 posts)They got watered down pretty bad for years.
- and worse than watered down IMHO.
I had given up on it.
Rex
(65,616 posts)Why would they?