Frontline has created a video called The Untouchables (January 22, 2013) that "investigates why Wall Street's leaders have escaped prosecution for any fraud related to the sale of bad mortgages."
This video explores why no
criminal liability for fraud was brought against the banks or mortgage
originators. In short, the banks were not investigated for fraud so, of course,
no fraud was found.
Names are named such as Lanny
Breuer who recently resigned from the Department of Justice after being
interviewed by Frontline and Angelo
Mozilo, former Countrywide CEO. All the usual suspects are there: Robert
Rubin, Dick Fuld, etc.
Senator Ted Kaufman was a man of honor fighting
this corruption as was Jeff
Levin and other committee heads that investigated those responsible for the
financial crisis. Then there were those who could have made a difference and
chose not to like Eric
Certainly the President's desire to look forward and
not backward was the main incentive not to investigate or
criminally prosecute the executives of the banks, including Lloyd Blankfein of
Goldman Sachs. For the past few years he has been "breathing a sigh of relief."
See the Frontline video and other videos and articles on the financial
William K. Black's detailed analysis of Goldman Sachs destruction of the economy