FRONTLINE ON NOW: Why has no one from Wall Street gone to jail?

[littlemissmartypants]

"In the due diligence world "fraud" was the F bomb."

[msongs]

1. prostitutes don't rat on their pimps? nt

[Laochtine]

2. Becuase they are the Gods

of Donation

[Laochtine]

3. It's a great

Frustrating show

[CreekDog]

4. because they weren't smoking joints while crashing the economy?

[Laochtine]

9. They were drinking blood

And not in a cute way

[reteachinwi]

5. Only little people go to jail.

https://docs.google.com/viewer?a=v&q=cache:l8Cn-C6LIp8J:www.flofr.com/PDFs/Eight%2520Sentenced%2520to%2520Federal%2520Prison%2520for%2520Mortgage%2520Fraud.pdf+&hl=en&gl=us&pid=bl&srcid=ADGEESg5mWrzTsL0Y-vzjZtmfe1-aY1DcSd4YndgQZzPXIVe-ebWLJSINEk4yLcNbQupy2CWRfBNPzMPVZ35UggGqX7eziu9C6PloDycqpipeN4zcAHXDJ7-ldP-K6c3-_cSMNn7dor2&sig=AHIEtbQGuicyw0IptMMr9fiLISjz611kJQ

[MannyGoldstein]

6. "Few men have virtue to withstand the highest bidder"

-George Washington

[Laochtine]

10. I doubt I'd

give up my humanity, try me

[lpbk2713]

7. Wealthy connected people don't do "jail".

It just doesn't happen.

[Buck Turgidson]

14. i.e. James Brown, Martha Stewart.

So I would update your post something like this.

"Wealthy connected white men don't go to "jail."

[WorseBeforeBetter]

22. They did jail during the S&L debacle.

Milken the Junk Bond King served a couple of years in the clink. Ivan Boesky served, if I'm not mistaken. Madoff. It *can* be done. Unless, it appears, you're Rubin, Blankfein or Dimon.

[Egalitarian Thug]

25. Please, Milkin spent 18 months at club fed so he could write his book and was allowed

to keep almost all that he stole. He came out of prison a billionaire with the "penalty" of not being able to work on Wall Street anymore. You know what he did? Went into the for-profit education field and works today destroying our public education system.

Boesky at least had the taste to simply retire in incomprehensible luxury after he did his two years.

Charles Keating, the most famous convict from the S&L looting, did spend 4 1/2 years in jail but magically went broke and couldn't pay any of his fines and his convictions were overturned.

And these guys were pathetic amateurs compared to the leeches that run the financial world today.

[WorseBeforeBetter]

28. Still more time than Blankfein, Dimon, et al.,

Club Fed or not.

Interesting, one Lanny A. Breuer is stepping down.

Lanny Breuer, Justice Department criminal division chief, is stepping down
http://www.washingtonpost.com/business/economy/doj-criminal-division-chief-stepping-down/2013/01/23/e4331e32-64e0-11e2-b84d-21c7b65985ee_story.html

Heads need to roll.

[Gin]

8. Ticks me off all over again

Nothing will be done.

[a kennedy]

11. Can not believe the justice department......

OMG, and it is true, they won't be going to jail.

[Gin]

12. This looks like the big boys have friends in Justice

The guy who said he worries that there could be a domino effect sounded like an attorney for the banksters......who's side is he on? Not the publics side.


Pure bullshit.

[littlemissmartypants]

13. Yep, and his name is:

Lanny A. Breuer

http://www.justice.gov/criminal/about/aag.html
Lanny Breuer is an American lawyer and the Assistant Attorney General for the Criminal Division of the U.S. Dep…

[WorseBeforeBetter]

15. After watching "The Abolitionists" on PBS right before this Frontline episode...

it was VERY difficult to take the timidity of one Lanny A. Breuer.

[littlemissmartypants]

17. .

http://www.democraticunderground.com/1251279165

[WorseBeforeBetter]

19. Thanks...

I'll check it out tomorrow. Time to crawl into bed with some David Sedaris... need some humor!



(Tard needs to work on her spelling...)

[Laochtine]

21. You're a dick

welcome your complaints

[dsc]

24. no kidding watched them back to back

and the contrast certainly didn't make the present look good.

[WorseBeforeBetter]

29. You may have seen this already...

Lanny Breuer, Justice Department criminal division chief, is stepping down
http://www.washingtonpost.com/business/economy/doj-criminal-division-chief-stepping-down/2013/01/23/e4331e32-64e0-11e2-b84d-21c7b65985ee_story.html

Yeah, it was really interesting to draw parallels between then and now, Lincoln and Obama, radicals and "pragmatists"...

[gkhouston]

30. You know what they say: justice may be blind, but it can smell money. n/t

[MrMickeysMom]

16. The two areas that are "untouchable"...

Bankers and Church

A bishop can be found guilty of raping a little child or many, many children and by God, his name is withheld... Why?

Financial Terrorism can be waged from the powerful banking industry while loosing a job will cost you your health and make you homeless.... Why?

Are we asleep? Did we let Congress stay unaccountable? Did we not show up to the polls? Was this not why Occupy Wall Street formed after the Arab Spring?

[TTUBatfan2008]

18. Infuriating to watch...

There needs to be an amendment to the Constitution banning Wall Street from ever touching the mortgage industry. The repeal of Glass-Steagall never should have happened, but it did because it was easier to overturn than a Constitutional amendment.

[Laochtine]

20. Just reinstall

Glass-Steagal pretty easy

[Mutatis Mutandis]

27. good luck with that one, the banksters have the whip-hand

The Clinton administration and their shills repealed it, along with the stooges in the Rethuglican party. That 2-party consensus position of utter subservience to the Anglo-American money-changer network is even stronger now.

http://www.zerohedge.com/news/defining-hypocricy-weill-who-led-repeal-glass-steagall-now-says-big-banks-should-be-broken

http://www.truthdig.com/report/item/clinton_in_deep_denial_20110621/

http://www.huffingtonpost.com/robert-scheer/obamas-faux-populism-soun_b_1233095.html

?w=645

Bill Clinton Repeals The Glass Steagall Act in 1999 allowing Banks to invest depositor’s hard earned cash in high risk bubbles.

[WorseBeforeBetter]

31. Pitiful that only 8 senators had the nuts (and ovaries) to vote against it....

kee-rist, even Richard Shelby got it right.

[Laochtine]

32. I guess we should

do what our betters say, good idea.

[Fire Walk With Me]

23. K&R!

[HiPointDem]

26. kr