Mini-Me: Wall Street is Untouchable — No One Goes to Jail

Commerce, Corruption, Government, Law Enforcement
Who?  Mini-Me?
Who? Mini-Me?


Phi Beta Iota:  Only Iceland has demonstrated the combination of intelligence and integrity to actually serve the public interest.

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January 23, 2013, 6:04 pm ET · by Sarah Childress.  Lanny Breuer is leaving his position as head of the Justice Department’s criminal division, The Washington Post reported Wednesday. As assistant attorney … Continue reading →

Did Wall St. Get Away With It? Live Chat Wed. 2 pm ET
January 22, 2013, 10:52 pm ET · by Nathan Tobey.  Join us for a live chat on “The Untouchables” with producer Martin Smith and New York Times DealBook reporter Peter Eavis at 2pm ET on Wednesday, January 23rd. You can leave a question now.

Blowing the Whistle on the Mortgage Bubble
January 22, 2013, 9:44 pm ET · by Azmat Khan.  Well before the 2008 financial meltdown, mortgage industry insiders discovered a ticking time-bomb that they say went up to the very top of Wall Street. What did they find? Who did they warn? And what happened to their warnings?

Too Big To Jail? The Top 10 Civil Cases Against the Banks
January 22, 2013, 9:44 pm ET · by Jason M. Breslow.  In nearly every major legal case to emerge from the crisis, government prosecutors have won multi-million dollar settlements, but companies and officials have not been required to admit wrongdoing.

Were Bankers Jailed In Past Financial Crises?
January 22, 2013, 9:43 pm ET · by Jason M. Breslow.  Not one Wall Street executive has been prosecuted for fraud related to the subprime crisis. How does that compare to past downturns?

Phil Angelides: Enforcement of Wall St. is “Woefully Broken”
January 22, 2013, 9:42 pm ET.  The current system of enforcement in the financial services industry has done little to deter pervasive fraud, says the former chairman of the Financial Crisis Inquiry Commission.

Lanny Breuer: Financial Fraud Has Not Gone Unpunished
January 22, 2013, 9:42 pm ET.  Prosecutors are holding Wall Street to account for the financial crisis, but success should not be measured solely by the number of convictions to date, says the head of the Justice Department’s criminal division.

Ted Kaufman: Wall Street Prosecutions Never Made a Priority
January 22, 2013, 9:41 pm ET.  The lack of high-level prosecutions from the financial crisis can be traced to the Obama administration’s ambivalence to upset the banks, the former U.S. senator told FRONTLINE.

As Deadlines Loom for Financial Crisis Cases, Prosecutors Weigh Their Options
January 22, 2013, 9:40 pm ET · For more than four years, regulators have struggled to successfully prosecute a Wall Street bank or its executives for alleged misconduct during the financial crisis. Now, time may be running out.

“Fraud Was … the F-Bomb”
January 22, 2013, 10:29 am ET · by Jason M. Breslow.  Well before the housing bubble burst, alarm bells were beginning to sound among key players in the mortgage industry: due diligence underwriters.

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