Tuesday, 29 October 2013

Put Big Bank CEOs in Jail – Senator Elizabeth Warren


She called on the Fed, the SEC, and the OCC to provide records on the number of people the agencies have charged criminally and civilly, the number of convictions and prison sentences they have obtained, the number of people banned or suspended from working in the industry, and the total amount of fines leveled against Wall Street ne’er-do-wells.

Warren knows the answer to most of these questions, but wants to shame the agencies into action. Yes, big banks have been forking over billions of dollars in civil settlements for bad behavior in the lead up to the crisis. There have been prosecutions of various smaller mortgage brokers, and some civil charges and settlements against executives who helped cause the crisis. But zero Wall Street CEOs are in jail for bringing down the economy, and no CEOs have faced criminal charges.
http://www.hangthebankers.com/put-big-bank-ceos-in-jail-senator-elizabeth-warren/


[Posted at the SpookyWeather blog, October 29th, 2013.]

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