Friday, April 15, 2011

Financial regulators failed. Crooks went unpunished. Uh-huh. But what will be done about it?

More than two years after massive fraud in the banking industry led to the Great Recession and the bailout of "too big to fail" players in the financial industry, very few cases have been referred for criminal prosecution. This is a situation in stark contrast with the Savings & Loan scandal in the 90's when over 1,800 cases were forwarded by bank regulators to the DOJ for prosecution. 
http://www.dailykos.com/story/2011/04/15/966896/-Financial-regulators-failed-Crooks-went-unpunished-Uh-huh-But-what-will-be-done-about-it?utm_

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