Citigroup , JPMorgan , Bear Stearns , all blatantly responsible for the financial crisis yet all these white collar crooks have all gotten off pretty much scott free with just settlements. Not a single one has been prosecuted.
Yesterday Elizabeth Warren went right at the financial regulators and embarrassed them with a straight forward question a lot of us have been asking .
When was the last time you took a Wall Street bank to trial? “We do not have to bring people to trial,” Thomas Curry, head of the Office of the Comptroller of the Currency, assured Warren, declaring that his agency had secured a large number of “consent orders,” or settlements.
“I appreciate that you say you don’t have to bring them to trial. My question is, when did you bring them to trial?” she responded.
“We have not had to do it as a practical matter to achieve our supervisory goals,” Curry offered….
“There are district attorneys and United States attorneys out there every day squeezing ordinary citizens on sometimes very thin grounds and taking them to trial in order to make an example, as they put it.
I’m really concerned that ‘too big to fail’ has become ‘too big for trial,’” Warren said.
