Flaylo
Handsome Devil
- Feb 10, 2010
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NY AG Investigation: Why Haven't Wall Streeters Gone to Jail? - Yahoo! News
Well rightwingers, why do you still bow down and kiss the feet of Wall Streeters?
For investigators looking for smoking guns that show Wall Street bankers at the height of the bubble knew the mortgage bonds they were pushing on clients were worthless junk, these emails seem about as good as you can get. And yet, nearly five years later after these emails were written, and months after they became public this year as part of case brought by mortgage insurer Ambac against Bear and J.P. Morgan Chase nothing has happened. Neither Lind nor Smith have been charged with any wrong-doing over the deal, nor has anyone else at Bear, or elsewhere for that matter. It's nearly three years after the financial crisis, and not a single Wall Streeter has been sent to jail for charges related to the mortgage bonds and other financial products that caused hundreds of billions of dollars in loses and nearly brought down the U.S. economy.
Well rightwingers, why do you still bow down and kiss the feet of Wall Streeters?