Monday, December 12, 2011


Can't prosecute the guys who bought Oba mama can we? Where's the justice in that?

Mike Norman Economics: Wall Street off the hook on criminal charges?
Wall Street off the hook on criminal charges?

Though often blamed with making the calls that led the country to the brink of collapse, financial executives likely won't face criminal charges for their practices during the financial crisis, according to a former top U.S. investigator.

The Justice Department has decided that prosecution of financial executives is "better left to regulators" to take civil-enforcement actions, David Cardona, who was a deputy assistant director at the Federal Bureau of Investigation until last month, told the Wall Street Journal.

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