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March 31, 2010
Today's Must-Read
-- by Dave Johnson
Prosecuting Financial Crimes: Will Anyone Bunk with Bernie?
Apparently no one at the Department of Justice (DOJ) or the FBI really cares about the greatest white-collar crime wave in the history of the world -- even if it did rob average American of some $14 trillion dollars in lost wages, savings, and housing wealth. After eighteen months, it is difficult to point to one CEO from a major Wall Street bank, hedge fund, or fraudulent mortgage company who is behind bars.
How does this compare to the S&L Crisis?
. . . According to government statistics, no less than 1,852 S&L officials were prosecuted and 1,072 were jailed. Over 500 of these were top officers
Go read..
Posted by Dave Johnson at March 31, 2010 3:13 PM
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