During the savings and loan crisis of the 1980s, 800 bank officials ended up in jail over misconduct that led to the crisis. So why hasn’t a single bank executive been charged with any crime in the 2008 financial crisis? Louise Story, Wall Street and Finance Reporter for The New York Times lays out the lapses in regulation that led up to the crisis and also may now be responsible for the lack of evidence to try bank executives. Why did the FBI, the Justice Department and the SEC all chose to scale back their investigations into questionable banking practices?
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The show is a co-production of WNYC Radio and Public Radio International, in collaboration with New York Times Radio and WGBH Boston.
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Comments [2]
Could it be that so many Democrat politicians and contributors were profoundly involved in the 2008 crisis?
Not only not prosecuted, not only bailed out by the taxpayers but also got bonuses!
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