Finance Criminals

[rich]

too many targets


On Fri, Dec 20, 2013 at 9:03 AM, Fiona Shnapple <fionashnapple at gmail.com>wrote:

> A great read, thanks.
>
> On Tue, Dec 17, 2013 at 6:08 PM,  <malignd at aol.com> wrote:
> > That's "read" past tense.  Not a call to arms.
> >
> >
> >
> > -----Original Message-----
> > From: malignd <malignd at aol.com>
> > To: pynchon-l <pynchon-l at waste.org>
> > Sent: Tue, Dec 17, 2013 5:57 pm
> > Subject: Re: Finance Criminals
> >
> > Just read this article.  Sobering and infuriating (the content, not the
> > article).
> >
> >
> > -----Original Message-----
> > From: David Morris <fqmorris at gmail.com>
> > To: P-list <pynchon-l at waste.org>
> > Sent: Tue, Dec 17, 2013 8:54 am
> > Subject: Finance Criminals
> >
> >
> http://www.nybooks.com/articles/archives/2014/jan/09/financial-crisis-why-no-executive-prosecutions/
> >
> > If the Great Recession was in material part the product of intentional
> > fraud, the failure to prosecute those responsible must be judged one of
> the
> > more egregious failures of the criminal justice system in many years.
> > Indeed, it would stand in striking contrast to the increased success that
> > federal prosecutors have had over the past fifty years or so in bringing
> to
> > justice even the highest-level figures who orchestrated mammoth frauds.
> > Thus, in the 1970s, in the aftermath of the “junk bond” bubble that, in
> many
> > ways, was a precursor of the more recent bubble in mortgage-backed
> > securities, the progenitors of the fraud were all successfully
> prosecuted,
> > right up to Michael Milken.
> -
> Pynchon-l / http://www.waste.org/mail/?listpynchon-l
>
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