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Wall Street persists with line “Trust us. We can regulate ourselves”

April 15th, 2011

This episode from Anderson Cooper’s 360° from CNN makes it clear why investment bankers and people in ratings agencies, among others, should be prosecuted for their role in causing the global financial crisis.

In the programme the Rolling Stone journalist Matt Taibbi and former New York State governor Eliot Spitzer explain the US justice Department’s lack of appetite for prosecuting Wall Street wrongdoers. This comes hard on the heels of the publication on Wednesday of the Senate Permanent Subcommittee on Investigations’ 635-page report into the financial crisis, which revealed the rottenness at the heart of the US financial system.

Full report: Wall Street and the Financial Crisis – Anatomy of a Financial Collapse

h/t Ritholtz The Big Picture

See also CNN AC360° website

Short URL: http://www.ianfraser.org/?p=3870

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