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« Goldman Sachs CEO Lloyd Blankfein Could Face Criminal Prosecution For Role In Financial Crisis: Sen. Carl Levin | Main | WATCH LIVE: Obama Townhall Discussion On The Deficit »
Saturday
Apr162011

"Where Are The Wall Street Prosecutions!" - Gretchen Morgenson Agrees With Spitzer & Angry C-SPAN Callers

Video - NYT's Morgenson and William Cohan on CNN's Parker & Spitzer - Jan. 27

Editor's Note: You can also watch this clip on Youtube if you want a larger picture.  In 2011, CNN still does not allow their youtube content to be embedded, which explains why their clips rarely get seen.  Earth to CNN, wake up fools.  Ths shared video world is passing you by.

Gretchen Morgenson has covered the financial crisis better and more extensively than just about anybody in the print media.   Cohan is the author of House of Cards about the collapse of Bear Stearns.

In this clip, Morgenson, Cohan and Spitzer are asking the same question:  Where are the prosecutions for crimes connected to the financial crisis?  Geithner and Bernanke also take a beating for failures of regulation and oversight during the build-up.  Spitzer calls it "The Peter Principle on steroids."  Great discussion -- they sound like they've been reading the Daily Bail.

--

Morgenson on C-SPAN from a weeks ago...

Great discussion.  A righteous call.

In this clip, Morgenson appears on C-SPAN's Washington Journal.  If you've ever watched this show you know that the people who call in can be a little nutty.  But these days, nutty (in an angry kind of way) just makes sense.

Callers on the day that Morgenson appeared are IRATE that almost no white-collar criminals have been prosecuted for financial crimes.  First caller says we better start seeing some prosecutions soon or else "something like Egypt [is going] to happen here."  Right on, brother.

Morgenson pretty much agrees with him and the other callers, noting that prosecutor and Department of Justice inaction, in light of trillions of dollars in financial damage, is a "burning question" -- one that she gets asked over and over by people from all over the country.

 

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Reader Comments (23)

SOONER OR LATER, THE TIDE WILL TURN..AND IT WILL BE BIGGER THAN ANY TSUNAMI .THE STUPID SHEEP WILL WAKE UP AND FIND OUT THEY HAVE BEEN FLEECED MEGA BIG TIME..THEY HAVE THE GUNS..BUT WE HAVE GUNS AND THE TRUE NUMBERS..AND WE ALREADY KNOW THAT THE AMERICAN ARMY IS STRETCHED BEYOND COMPREHENSION...THE FIRE WILL SOON BEGIN..AT A TOWN OR CITY NEAR YOU...BETTER TOO DIE ON YOUR FEET THAN BE A SLAVE TO THE BITCH RICH WALL STREET-BANKERS FIENDS..
Feb 8, 2011 at 8:35 PM | Unregistered Commenterdr mengle,got twins?
Watching the events in Egypt unfold over past past weeks I could not help but think 'what if these people were armed'?

Not a pretty thought is it?
Feb 13, 2011 at 2:55 PM | Unregistered CommenterAlberto Martinez
No...instead of rocks we would have seen thousands killed...the military would have had no choice but to intervene against the protesters...it's a very good thing it was peaceful...
Feb 13, 2011 at 3:17 PM | Registered CommenterDailyBail
I support Prosecutions. I will support any candidate who supports Prosecutions regardless of party affiliation.
Feb 13, 2011 at 4:48 PM | Unregistered CommenterBenny and the Talibanks
Wall Street prosecutions???

Don't the pleebs understand, justice is for the little people!
Feb 13, 2011 at 5:51 PM | Unregistered CommenterThebes
Eliot Spitzer ought to know about the "Peter" Principle. That's what got him fired from his job after the hooke scandal. :- )
Feb 13, 2011 at 6:26 PM | Unregistered CommenterMeatdawg
Nicely done, Meatdawg.
Feb 13, 2011 at 6:43 PM | Registered CommenterDr. Pitchfork
Homeless American veterans are thrown in horrifying jails around the US for the CRIME OF BEING HOMELESS and the REAL CROOKS are profiteering off their stole trillions and living the good life....

What a disgrace!
Feb 13, 2011 at 9:22 PM | Unregistered CommenterAugust
Thanks doc.
Feb 13, 2011 at 9:39 PM | Unregistered CommenterNeddy
Don't the ELITES realize that many homeless vets were trained to kill?
How many vets have families that are sleeping in tents,cars or anyplace they can find shelter?

mengle,got twins?
I can see this happening.
Like the word CATACLYSM:any violent upheaval, especially one of a social or political nature.
Apr 16, 2011 at 1:12 PM | Unregistered CommenterTR
Don't you just love how they always talk about homeowners who borrowed money they shouldn't have but say nothing about how the banks suckered them in with teaser rates filling up mail boxes and phone calls begging people to borrow and all that moral obligation talk about paying them back well that only apply's to the serfs apparently.

Bailed out bank - Morgan Stanley just defaulted on debt in Japan the largest default in Japan's history

http://news.yahoo.com/s/nm/20110415/bs_nm/us_morgan_stanley_real_estate

The people in Japan are suffering but they too have a crappy paid off government who knew a tsunami could cause problems with the nuclear reactors their govt. has a history of cover ups just like ours I think Morgan Stanley knows something there is a report saying the capital will be moved from Tokyo where they defaulted, they probably got info. from a paid off Japanese official or an American one.

http://pajamasmedia.com/blog/contributions-to-obama-campaign-track-bailout-money/

Just think how these banks screwed investors many who were regular people that had money from their 401K's in bonds backed by MBS's I do think people should pay their bills but the double standard just disgusts me.
Apr 16, 2011 at 2:05 PM | Unregistered CommenterLiberatedCitizen
LC--

Agreed. When people trot out the banksters' hackneyed borrower-at-fault line, I ask whether it's the borrower or the lender that's the financial professional. However culpable the borrower is, the lender in a shitty loan is even more culpable. And yet the media holds these incompetents and frauds utterly blameless.

The lack of critical thinking among people who get their information from television is simply breathtaking.
Apr 16, 2011 at 5:02 PM | Unregistered CommenterCheyenne
Keep it coming Dailybail. You have the guts to continue pursuing these issues and the criminals that perpetrated this economic disaster. I can tell by some of the responses, people are getting to the place where the French were prior to the French Revolution. This isn't only hurting us financially but it is hurting the future of this great nation of ours by a handful of greedy bastards who have gone beyond greed. I believe they should not only be prosecuted for the financial fraud but treason. The meaning of the word treason implies a betraying, treachery, or breach of allegiance. I believe it fits perfectly, look at what their actions have done to our nation.
You are doing a great service for our nation, keep up the excellent work.
Apr 16, 2011 at 8:31 PM | Unregistered CommenterDouble G
The time has come to stand up together and don't let go until we force those who risked our lives, our life savings, our homes, our kids future, to answer and get punished for everything they did. We, the people, are only capable of making this happen, Congress is only a mask pretending that they're doing something, while they are all in this together!
http://boston67.blog.com/mortgagewall-street-alert/
Apr 16, 2011 at 10:20 PM | Unregistered CommenterSenka
What what what??? You got to watch this one...

http://www.youtube.com/watch?v=ko-qFqmKsYQ
Apr 17, 2011 at 12:10 AM | Unregistered CommenterPatriot Games
What do you think Daily Bail....interesting...
Apr 17, 2011 at 12:14 AM | Unregistered CommenterPatriot Games
The latest from Trump's investigation...

http://www.youtube.com/watch?v=QTg9pLTQyPc
Apr 17, 2011 at 1:16 AM | Unregistered CommenterPatriot Games
You have to admit that it is interesting and that they may be making some headway.
Apr 17, 2011 at 1:20 AM | Unregistered CommenterPatriot Games
For you DB...I found Trump's entire Tea Party speech...

http://www.youtube.com/watch?v=WY-5onConhc
Apr 17, 2011 at 1:29 AM | Unregistered CommenterPatriot Games
DB...I am so entertained by all of this. I hope you see something interesting in it too.
Apr 17, 2011 at 1:32 AM | Unregistered CommenterPatriot Games
BBC News...

The Arizona legislature has passed a bill requiring presidential candidates to submit birth certificates in order to get on the state's election ballot.

Republican Governor Jan Brewer can opt whether to sign the bill into law.
Apr 17, 2011 at 1:35 PM | Unregistered CommenterPatriot Games
The White house is still controlled by Bush's. Bush 41 is top dog at the Skull and Bones. Skull and Bones loyalty to the German blooded royal family including England and Belgium goes back over 200 years.. The SEC and Skull and Bones have been facilitating the flow of hard earned cash into off -shore accounts in British protectorates outside of American jurisdiction. Bush 41 was knighted for this help in the mid 1980's. when he was Veep under Reagan. The SEC is still controlled by Skull and Bones. Hillary Clinton worked for an Arkansas CIA- Bush project back in the early 1980's. Hillary wants more. Obama, well, too bad they got to him. There will be no prosecutions to speak of because America still believes mama's two big lies. One, you are safe, and two, you are perfect. And the Council on Foreign Relations controls all syndicated national news and is owned by the Fed and the Rothschilds and has been working towards this moment for a hundred years. No kidding. Afull hundred years.We have a serious mess we need to rise above and start a new currency. Once economic order can be reestablished, Geitners and Paulsons won't dare come around. This might hurt. So remember the person next to you is your brother and we need to get back to the land and work as a nation.
Apr 18, 2011 at 11:50 PM | Unregistered CommenterHoward T. Lewis III
Criminal Prosecutions for Financial
Institution Fraud Continue to Fall

http://trac.syr.edu/tracreports/crim/267/

[snip]

Federal prosecutions for financial institution fraud have continued their downward slide despite the financial troubles reported in this sector. The latest available data from the Justice Department show that during the first eleven months of FY 2011 the government reported 1,251 new prosecutions were filed. If this activity continues at the same pace, the annual total of prosecutions will be 1,365 for this fiscal year, down 28.6 percent from their numbers of just five years ago and less than half the level prevalent a decade ago. See Table 1.
The comparisons of the number of defendants charged with financial institution fraud offenses are based on case-by-case information obtained by the Transactional Records Access Clearinghouse (TRAC) under the Freedom of Information Act from the Executive Office for United States Attorneys.
Feb 29, 2012 at 7:01 AM | Registered CommenterJohn

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