Thursday 4 December 2014

Why Aren't More Dishonest Bankers In Jail? Those criminals in factoring we will get you - You are not too big to spend time in jail!

Perhaps the most striking feature of the global financial crisis has been that no top banking executive has been successfully prosecuted for their role in bringing it about in the first place.

 The period covered by the statute of limitations is running out so it is conceivable none ever will. 

 http://static2.demotix.com/sites/default/files/imagecache/a_scale_large/2200-4/photos/1372375769-people-before-profit-jail-the-bankers-protest-takes-place-in-dublin_2200524.jpg

Yet the word 'fraud' appears 157 times in the final report of the US Financial Crisis Inquiry Commission. 

So why are we not seeing prosecutions and prison terms, as in previous financial scandals? Guests include a former prosecutor, a law professor, an economist and a recently-retired US Senator.

Please listen: http://www.bbc.co.uk/programmes/p02cr1jh

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