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Open Thread: Who Should Have Been Prosecuted ?

Posted By Barry Ritholtz On September 19, 2013 @ 7:00 pm In Bailouts,Legal | Comments Disabled

It is the 5th anniversary of the collapse of Lehman, AIG, and the GSEs. At this time 5 years ago, my assumption was that by today, legions of people would have already been prosecuted for their financial crimes.

That never happened.

I want to open the floor to discuss 3 very specific things:

1. What actual crimes were committed by banking executives, and who should have been prosecuted ? I want very specific examples of criminality, fraud, (include statutes if you know them) etc.

2. How successful would a decent prosecutor have been in obtaining convictions?

3.  Why wasn’t anyone prosecuted? Aside from cowardice, what were the true reasons?

I have m own ideas and theories; if we get enough details, I will flesh it out into a WaPo column.

~~~

What say ye?


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