FRONTLINE investigates why Wall Street’s leaders have escaped prosecution for any fraud related to the sale of bad mortgages.
January 22, 2013, 10:52 pm ET · by Nathan TobeyJoin us for a live chat on “The Untouchables” with producer Martin Smith and New York Times DealBook reporter Peter Eavis at 2pm ET on Wednesday, January 23rd. You can leave a question now.
January 22, 2013, 9:44 pm ET · by Azmat KhanWell before the 2008 financial meltdown, mortgage industry insiders discovered a ticking time-bomb that they say went up to the very top of Wall Street. What did they find? Who did they warn? And what happened to their warnings?
January 22, 2013, 9:44 pm ET · by Jason M. BreslowIn nearly every major legal case to emerge from the crisis, government prosecutors have won multi-million dollar settlements, but companies and officials have not been required to admit wrongdoing.
January 22, 2013, 9:42 pm ETThe current system of enforcement in the financial services industry has done little to deter pervasive fraud, says the former chairman of the Financial Crisis Inquiry Commission.
January 22, 2013, 9:42 pm ETProsecutors are holding Wall Street to account for the financial crisis, but success should not be measured solely by the number of convictions to date, says the head of the Justice Department’s criminal division.
January 22, 2013, 9:41 pm ETThe lack of high-level prosecutions from the financial crisis can be traced to the Obama administration’s ambivalence to upset the banks, the former U.S. senator told FRONTLINE.
January 22, 2013, 9:40 pm ET · by Jason M. BreslowFor more than four years, regulators have struggled to successfully prosecute a Wall Street bank or its executives for alleged misconduct during the financial crisis. Now, time may be running out.
Well before the housing bubble burst, alarm bells were beginning to sound among key players in the mortgage industry: due diligence underwriters.