By Cliff Montgomery – June 17th, 2010
It now seems clear the current global financial crisiswas the result of widespread fraud. And it appearsthat the top criminals work on America’s Wall Street.
So why hasn’t a single high-level bank executive beenjailed for such hideous offenses?
“One of the reasons may be that key bank regulators…have largely left it to the banks to report suspicious activitythemselves,” stated the lead-in to a fine video reportcreated by The Huffington Post Investigative Fund.
Bank regulators of course are supposed to search for–and identify for possible prosecution–any instances offraud perpetrated at the nation’s banks.
It’s safe to say the Big Bankers have gotten away with “a perfect and successful crime,” according to at leastone former financial regulator seen in the video.
If that’s the case, then what will stop bankers and other financiers from performing similar crimes all over again?
