When did you last bring a Wall Street Firm to Trial? Senator Elizabeth Warren questions Regulators

We saw in a previous post how Senator Elizabeth Warren asked this question and the answer was not satisfactory, to out it mildly. This is a short video extract.

When will the Bankers go to Jail?

Harry Houdini by  Snapshots of The Past on Flickr

Harry Houdini by Snapshots of The Past on Flickr

Well, at least someone higher up is asking the question. Elizabeth Warren, newly elected Senator for Massachusetts – the same Senate seat once graced by the late Teddy Kennedy – has asked top regulators, when was the last time they took a Wall Street bank to trial.

And the answer is not really hopeful. Continue reading

City of London sackings ‘at five-year high’ – but when will the Bankers go to Jail?

The City of London and Canary Wharf by EG Focus on Flickr

The City of London and Canary Wharf by EG Focus on Flickr

Are we, as a society, getting tougher on white collar crime? Are the bankers responsible for the credit crunch getting a good rap on the knuckles and being carted off to jail? Continue reading