Is the SEC Covering Up Wall Street Crimes?

h/t Roger Snyder For the past two decades, according to a whistle-blower at the SEC who recently came forward to Congress, the agency has been systematically destroying records of its preliminary investigations once they are closed. By whitewashing the files of some of the nation’s worst financial criminals, the SEC has kept an entire generation […]

Why Isn’t Wall Street in Jail? | Rolling Stone Politics

The rest of them, all of them, got off. Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom — an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securities — has ever been convicted. Their names by now are familiar to even […]

Neil Barofsky, Top Govt Watchdog Over $700B Bailout Resigns

Barofsky criticized both the Obama and Bush administration. He blasted Treasury Secretary Timothy Geithner and his predecessor, Henry Paulson, in a series of audits of the bailout fund, which was created by Congress in October 2008. The audits examined issues such as Geithners role in the rescue of American International Group Inc. and the departments […]

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