How Wall Street Escaped Prosecution in the Mortgage Crisis

January 24, 2013

Slapping a pair of handcuffs on wealthy executives can be a major deterrent to crime, but remarkably, Wall Street big wigs have been able to completely avoid jail time in the mortgage crisis that sent our country into a financial tail spin from which it has yet to fully recover.

In a fascinating new documentary, PBS’s Frontline investigates why Wall Street leaders have escaped prosecution for any fraud related to the sale of bad mortgages.  Click here to watch this compelling report which takes a hard look at the actions of prosecutors and why they fell short.

It’s interesting to note that during the Savings and Loan crisis of the 1980’s dozens of bank executives were hauled off in handcuffs and held criminally responsible. What changed in the mortgage meltdown of 2008?  Frontline’s The UNTOUCHABLES looks squarely at the Department of Justice and its Chief Criminal Prosecutor Lanny Breuer, who is reported to be stepping down,  for answers.  Click on the video below to watch.

Watch The Untouchables on PBS. See more from FRONTLINE.