WHY BANKS ARE NOT PROSECUTED - PARTS 1 AND 2
Even wonder why no one is prosecuted bank fraud, lying throwing people out of their homes illegally etc.? This is part 1 of 2 originally aired Dec. 4, 2011 on CBS.
It's been three years since the financial crisis crippled the American economy, and much to the consternation of the general public and the demonstrators on Wall Street, there has not been a single prosecution of a high-ranking Wall Street executive or major financial firm even though fraud and financial misrepresentations played a significant role in the meltdown. We wanted to know why, so nine months ago we began looking for cases that might have prosecutorial merit.