America Is a Failed State Because It Won't Prosecute Financial Crime

Washington’s Blog

It is now mainstream news that none of the big financial criminals have been prosecuted.

The New York Times is running an article today entitled “In financial crisis, no prosecutions of top figures”, which has been picked up as the leading front-page story by MSNBC. The story even quotes Bill Black:

But their policies have created an exceptional criminogenic environment. There were no criminal referrals from the regulators. No fraud working groups. No national task force. There has been no effective punishment of the elites here.

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