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Showing posts with label finance jail storm mess theft. Show all posts
Showing posts with label finance jail storm mess theft. Show all posts

Monday, July 11, 2011

Why No One on Wall Street Is Going to Jail

Gretchen Morgenson and Louise Story, The New York Times
The report begins: "As the financial storm brewed in the summer of 2008 and institutions feared for their survival, a bit of good news bubbled through large banks and the law firms that defend them. Federal prosecutors officially adopted new guidelines about charging corporations with crimes - a softer approach that, longtime white-collar lawyers and former federal prosecutors say, helps explain the dearth of criminal cases despite a raft of inquiries into the financial crisis."
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