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n2doc

(47,953 posts)
Thu Sep 12, 2013, 10:43 AM Sep 2013

This is a complete list of Wall Street CEOs prosecuted for their role in the financial crisis

By Neil Irwin, Published: September 12 at 9:54 amE-mail the writer
Five years after Lehman fell, taking the global economy along with it, a roll call of Wall Street CEOs serving time for their role in the crisis looks something like this:



So, yeah. Zero Wall Street CEOs are in jail. And that’s not because the federal government tried to prosecute a bunch of them but lost the cases. There were no serious effortsat criminal prosecutions at all.

Which isn’t to say nobody is in jail. There have been prosecutions of various mortgage brokers and other small fish who lied or encouraged clients to lie on their applications for a home loan. The crisis exposed some outright fraudsters who are now in the slammer, such as Bernie Madoff and Allen Stanford. And, yes, major banks have been working through billions of dollars in civil settlements for shady behavior in the runup to the crisis.

But it’s shocking that for a crisis that drove the global economy off a cliff, caused millions of people to lose their homes and generally spread mass human misery to almost every corner of the earth there is no defining prosecution. No man or woman who led one of the firms directly culpable for the catastrophe has been put in a prison-orange jumpsuit. You might think that by now we could say that orange is the new charcoal pinstripes. But we can’t.

more

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/12/this-is-a-complete-list-of-wall-street-ceos-prosecuted-for-their-role-in-the-financial-crisis/

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This is a complete list of Wall Street CEOs prosecuted for their role in the financial crisis (Original Post) n2doc Sep 2013 OP
Well the DOJ has been busy, you know ... Scuba Sep 2013 #1
Please do not annoy the Attorney General with trivial matters jsr Sep 2013 #2
Rec! progressoid Sep 2013 #3
Stop bothering the job creators! durablend Sep 2013 #4
If you had predicted this in 2008, I wouldn't have believed it. Shemp Howard Sep 2013 #5
Republican obstruction. GoneFishin Sep 2013 #6
Our President Is Not An Emperor. jsr Sep 2013 #21
No? 1-Old-Man Sep 2013 #23
When Obama was inaugurated in 2009... Jerry442 Sep 2013 #31
Let's not let the great enablers off the hook . orpupilofnature57 Sep 2013 #27
Stop hatin' on the administration!! polichick Sep 2013 #7
Null set. Shocking. truebluegreen Sep 2013 #8
Obama to Bankers: "My administration is the only thing between you and the pitchforks" jtuck004 Sep 2013 #9
Words are cheap. jsr Sep 2013 #19
Exactly. Which is why they backed it up by giving the bankers trillions of dollars to play jtuck004 Sep 2013 #24
+1000 !!!! orpupilofnature57 Sep 2013 #26
We are "exceptional"... Safetykitten Sep 2013 #10
As in exceptionally protective of the police state, MIC and Wall Street mafia. jsr Sep 2013 #17
Jail is for us common folks. Solly Mack Sep 2013 #11
Message auto-removed Name removed Sep 2013 #12
K&R. JDPriestly Sep 2013 #13
You don't bribe a politician to break the law rrneck Sep 2013 #14
Wasn't Eric Holder going to announce a significant action against the bankers? OnyxCollie Sep 2013 #15
To recycle the Alaskan dumbo: jsr Sep 2013 #22
Yes, that's what we were told: woo me with science Sep 2013 #32
Prosecutions are supposed to be based on evidence of actual criminality geek tragedy Sep 2013 #16
You've really jumped the shark Doctor_J Sep 2013 #28
How many fraud claims have you tried to prove in federal geek tragedy Sep 2013 #30
+1000. It's harder to prosecute a crime when no investigation is even conducted. nt GoneFishin Sep 2013 #40
It's not hard when the NSA knows everything they have done. Unfortunately the NSA works for them. harun Sep 2013 #33
Actually, their internal emails are written with the purpose of making it look like geek tragedy Sep 2013 #34
Yes, and ProSense Sep 2013 #35
Yeah, but that blue link does not count (it doesn't fit the BAD OBAMA BAD neo-DU) Amonester Sep 2013 #36
Lol, awesome gif! whatchamacallit Sep 2013 #18
There will be no prosecutions of the big fish. Rex Sep 2013 #20
The DOJ must foster the rule of law and equal justice under the law, else its indepat Sep 2013 #25
^ grahamhgreen Sep 2013 #29
This Administration is just kicking the economic mess off to the next administration. rhett o rick Sep 2013 #37
Statute of limitations looming for crimes related to 2008 crash. woo me with science Sep 2013 #39
Interesting. Then that will be when the tough-on-crime bloviating will begin. GoneFishin Sep 2013 #41
k&r n/t 2banon Sep 2013 #38
K&R woo me with science Sep 2013 #42
kick woo me with science Sep 2013 #43

Shemp Howard

(889 posts)
5. If you had predicted this in 2008, I wouldn't have believed it.
Thu Sep 12, 2013, 12:22 PM
Sep 2013

I am disappointed in Obama on many levels. And this is one of them. If an apparent outsider and progressive like Obama is not going to move against these financial criminals, then who will? Nobody, I guess.

Edmund Burke: "Evil flourishes when good men do nothing."
Shemp's corollary: "If you don't prosecute evil, you gonna get more evil."

So this will happen again and again, until the middle class has no money left.

1-Old-Man

(2,667 posts)
23. No?
Thu Sep 12, 2013, 01:58 PM
Sep 2013

Any man who can bring down the hell-fire of war simply on his own word is hard to call anything else.

Jerry442

(1,265 posts)
31. When Obama was inaugurated in 2009...
Fri Sep 13, 2013, 09:08 AM
Sep 2013

...the too-big-to-fail banks were insolvent (and may still be), covering up their insolvency by carrying worthless assets on their books at inflated values. If Obama's DOJ had started an investigation of the TBTF banks, that would have probably triggered an audit which would have revealed their insolvency, which would then have required the government to take them over. Once in control of the TBTF banks, gathering evidence necessary to send the top finance people to a long, long, vacation in Club Fed would have been a piece of cake.

No guts, no glory.

 

orpupilofnature57

(15,472 posts)
27. Let's not let the great enablers off the hook .
Thu Sep 12, 2013, 06:06 PM
Sep 2013

Democrats are supposed to criticize each other, especially when they vote, act , or talk like Republicans .

 

jtuck004

(15,882 posts)
9. Obama to Bankers: "My administration is the only thing between you and the pitchforks"
Thu Sep 12, 2013, 01:11 PM
Sep 2013
here.

I wonder how they got away with it...
 

jtuck004

(15,882 posts)
24. Exactly. Which is why they backed it up by giving the bankers trillions of dollars to play
Thu Sep 12, 2013, 02:29 PM
Sep 2013

with and enrich themselves while yanking 10 million families out of their homes in foreclosure, which kept Mi$$ RobMe and his ilk in the chips.

Solly Mack

(90,758 posts)
11. Jail is for us common folks.
Thu Sep 12, 2013, 01:15 PM
Sep 2013

Every now and then an example is made so they can have someone to point at and declare how justice is equal and that "no one is above the law".

Response to n2doc (Original post)

 

OnyxCollie

(9,958 posts)
15. Wasn't Eric Holder going to announce a significant action against the bankers?
Thu Sep 12, 2013, 01:33 PM
Sep 2013

Did I miss it, or didn't it happen?

jsr

(7,712 posts)
22. To recycle the Alaskan dumbo:
Thu Sep 12, 2013, 01:57 PM
Sep 2013

"I think on a national level, your department of law there in the White House would look at some of the things that we've been charged with and automatically throw them out."

woo me with science

(32,139 posts)
32. Yes, that's what we were told:
Fri Sep 13, 2013, 09:55 AM
Sep 2013

It was posted here:

Eric Holder Vows ‘Significant’ Financial Crisis Prosecutions Against Banks (Aug 21)
http://www.democraticunderground.com/1251320503


Of note, this sentence was also in the article:

Recent reports have suggested some government financial enforcers will fail to file significant charges in time to avoid the five-year statute of limitations for many financial misdeeds in the 2008 crisis.






I need to start putting all the "promise" articles into a file for better tracking.

Off topic, I'm still waiting on this one posted by Pro:

Kerry: Obama has timeline for ending Pakistan drone strikes 'very, very soon' (posted August 1)
http://www.democraticunderground.com/10023388548


 

geek tragedy

(68,868 posts)
16. Prosecutions are supposed to be based on evidence of actual criminality
Thu Sep 12, 2013, 01:36 PM
Sep 2013

that rises beyond a level of reasonable doubt as to each and every element of the violation of criminal law claimed.

'shady behavior' is not enough to get a criminal conviction. It's notoriously hard to prove fraud in financial accounting cases if they're halfways careful in covering their tracks.

 

Doctor_J

(36,392 posts)
28. You've really jumped the shark
Thu Sep 12, 2013, 10:52 PM
Sep 2013

Obama and Holder fucked this up, badly. And this is a huge reason that a lot of Obama's voters in 2008 have lost interest. Please, please stop defending every Obama action, regardless of how right-wing or corrupt it is.

 

geek tragedy

(68,868 posts)
30. How many fraud claims have you tried to prove in federal
Fri Sep 13, 2013, 08:41 AM
Sep 2013

court? The world is a lot more complicated than blog posts.

 

geek tragedy

(68,868 posts)
34. Actually, their internal emails are written with the purpose of making it look like
Fri Sep 13, 2013, 10:01 AM
Sep 2013

they honestly believed everything they said in public or filed with the SEC.

Whenever they decide to commit fraud, they write "let's take this offline."

Plaintiffs' lawyers get to see every single one of their emails if the stock tanks.

Amonester

(11,541 posts)
36. Yeah, but that blue link does not count (it doesn't fit the BAD OBAMA BAD neo-DU)
Fri Sep 13, 2013, 10:17 AM
Sep 2013

But since you (and I) are on Ignore they won't even see it.

 

Rex

(65,616 posts)
20. There will be no prosecutions of the big fish.
Thu Sep 12, 2013, 01:53 PM
Sep 2013

Plutocracies don't work that way. Did you see Reagan go to jail or did you see Ollie North take his place in jail?

indepat

(20,899 posts)
25. The DOJ must foster the rule of law and equal justice under the law, else its
Thu Sep 12, 2013, 05:42 PM
Sep 2013

fairness, impartiality, judgment, and politics might come into question, that is unless the thinking is no one will actually notice what the DOJ does and does not do.

 

rhett o rick

(55,981 posts)
37. This Administration is just kicking the economic mess off to the next administration.
Fri Sep 13, 2013, 10:31 AM
Sep 2013

And the next administration, unless some miracle gives us Sen Warren, will continue to avoid taking on the banks.

The longer this goes on the less wealth the middle class will own. In a decade the middle class will all be paupers.

woo me with science

(32,139 posts)
39. Statute of limitations looming for crimes related to 2008 crash.
Fri Sep 13, 2013, 10:35 AM
Sep 2013

No chance of conviction for many if charges aren't filed by the end of the year.

GoneFishin

(5,217 posts)
41. Interesting. Then that will be when the tough-on-crime bloviating will begin.
Fri Sep 13, 2013, 12:38 PM
Sep 2013

Follow by shoulder shrugging accompanied by "aw, shucks darn it, the statute of limitations has expired."

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