"It was like a party"

[SHRED]

"It was like a party," one former loan underwriter tells "Frontline's" Martin Smith. "We were getting through these loans as quick as we can. They were not being looked at like they should've been looked at."

 

'Frontline' Learns Firsthand Why Wall Street Is 'Untouchable'

Why haven't any senior Wall Street executives gone to jail for the financial crisis?

Since the financial system's collapse four years ago, that question has been asked over and over again. The question has sparked editorials, Congressional commissions, Oscar-winning documentaries and the Occupy Wall Street protests

[newbie chick]

I'm glad that I was not the only person who was watching Frontline's investigation into Wall Streets fraud and the DOJs apparent failure to prosecute any of the managers.

 

I hope that episode lights a fire under someone in DC and they begin to take action.

[guido61]

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newbie chick wrote:

I'm glad that I was not the only person who was watching Frontline's investigation into Wall Streets fraud and the DOJs apparent failure to prosecute any of the managers.

 

I hope that episode lights a fire under someone in DC and they begin to take action.

---

They won't.

Obama's greatest failure as a president, IMO.  He's certainly seems to have no interest in going after these guys.  The GOP House certainly won't.  Who will in the Senate?  Elizabeth Warren and Al Franken and maybe a couple of other newbees who aren't completely beholden to Wall Street yet? 

That won't be enough.

[infragreen]

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newbie chick wrote:

 

 

I hope that episode lights a fire under someone in DC and they begin to take action.

---

If it was gonna happen, it would have happened by now.

 

I was working at a collection agency from 99 to 04. I sent a lot debtors off to contacts I had in the refi-business. Every so often I'd get a little kickback. They'd call to let me know and then brag up a storm. Punks telling me what hot **bleep** they were. It reminded me of that movie "Boiler Room".

[mauser]

Look at who the Treasury Secretary is.

[mauser]

And was.

[yumpy]

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SHRED wrote:

"It was like a party," one former loan underwriter tells "Frontline's" Martin Smith. "We were getting through these loans as quick as we can. They were not being looked at like they should've been looked at."

 

'Frontline' Learns Firsthand Why Wall Street Is 'Untouchable'

Why haven't any senior Wall Street executives gone to jail for the financial crisis?

Since the financial system's collapse four years ago, that question has been asked over and over again. The question has sparked editorials, Congressional commissions, Oscar-winning documentaries and the Occupy Wall Street protests