Clo:
That may be true due to the prejudice they faced growing up.
This disturbs me about Holder:
List Of Wall Street CEOs Prosecuted By The DOJ For Financial Crimes:
Five years after Lehman fell, taking the global economy along with it, a roll call of Wall Street CEOs serving time for their role in the crisis looks something like this:
Zero Wall Street CEOs are in jail.
It's not that federal government tried to prosecute a bunch of them but lost the cases. There were no serious efforts at criminal prosecutions at all.
Which isn't to say nobody is in jail. There have been prosecutions of various mortgage brokers and other small fish who lied or encouraged clients to lie on their applications for a home loan. The crisis exposed some outright fraudsters who are now in the slammer, such as Bernie Madoff and Allen Stanford. And, yes, major banks have been working through billions of dollars in civil settlements for shady behavior in the runup to the crisis.
But it's shocking that for a crisis that drove the global economy off a cliff, caused millions of people to lose their homes and generally spread mass human misery to almost every corner of the earth there is no defining prosecution. No man or woman who led one of the firms directly culpable for the catastrophe has been put in a prison-orange jumpsuit. You might think that by now we could say that orange is the new charcoal pinstripes. But we can't.
So, what’s going on? Of the rogues gallery who led the major Wall Street firms to the brink of the abyss, only to have a multitrillion-dollar taxpayer bailout pull them back, why have none become familiar with our nation’s federal prison system?
One theory is that prosecutors have been reluctant to take on these cases out of timidity, perhaps cowed by the power of these deposed CEOs, the skill of their high-priced legal teams, and even the risk that more aggressive prosecution could spark more financial instability.
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