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Legislative Branch

S&L Officials went to prison why not Wall Street / bankers

According to a financial news publication when the savings and loan fiasco happened before banking regulations were relaxed, hundreds of bankers and S&L officials were prosecuted with several going to jail. Today it appears that this economic crisis is far worse than the S&L crisis and appears no one is being investigated much less indicted.

In the Book-TV presentation of the authors discussion of "Reckless Endangerment", retired Justice Dept. officials asked why no one was indicted and surely if penalties and fines could be assessed that would add to the revenues needed.



Idea No. 3793