The Daily Beast-
Despite his populist posturing, the president has failed to pin a single top finance exec on criminal charges since the economic collapse. Are the banks too big to jail—or is Washington’s revolving door at to blame? Peter J. Boyer and Peter Schweizer investigate:
- Obama’s 2009 White House summit with finance titans, in which the president warned that only he was standing “between you and the pitchforks”
- Why, despite widespread outrage, financial-fraud prosecutions by the Department of Justice are at 20-year lows
- Attorney General Eric Holder’s lucrative ties to a top-tier law firm whose marquee clients include some of finance’s worst offenders
- How Obama’s trumpeted “task force” for investigating risky mortgage lenders—announced in this year’s State of the Union speech—is badly understaffed and has yet to produce any discernible progress
Why can’t Obama bring wall street to justice? Not all of wall street needs to be punished for the actions of a few. If not for wall street NYC would look like it did in the movie “I am Legend”. But when you have ex-wall street employees in your administration and as Treasury secretary, its tough to s”’ where you sleep!!!!