We’ve been calling for the prosecution of Wall Street “criminals” for years.
And for years, it’s been swept under the rug.
But 60 Minutes won’t let Wall Street forget, kicking off two segments on the failure to prosecute any one on Wall Street.
Will it help change anything?
Probably not… but it helps explain why people can’t trust Wall Street any more.
Though, it’d be nice if former Countrywide CEO Anthony Mozilo went away for a while for his part.
In this videos from 60 Minutes, “Two high-ranking financial whistleblowers say they tried to warn their superiors about defective and even fraudulent mortgages. So why haven’t the companies or their executives been prosecuted?”
Here’s Part 1.
Here’s Part 2.