Prosecutors Pass On Major Wall Street Players

Newsweek:

Ever heard of Sky Capital? Probably not. The CEO of that rinky-dink Wall Street firm and five of his employees were indicted this week over what the Securities and Exchange Commission described as a "trans-Atlantic boiler room scheme" to defraud investors. Maybe you have heard of Angelo Mozilo, the perpetually tanned former head of Countrywide Financial who faces civil fraud charges that he and two others knew many of their subprime loans were "toxic," as Mozilo allegedly described them in e-mails. Mozilo says he's innocent. Prosecutors believe he was one of many middlemen who fed one of the greatest confidence games of all time--the subprime-mortgage-backed securities scam--perpetuated by Wall Street.

Read the whole story: Newsweek

Comments

[LooktotheLeft]

I suppose if there had to be a posterchild for corporate c*orruption, r*uthless greed, and financial e*vil, the face above would be it

[LooktotheLeft]

I suppose if there had to be a posterchild for corporate corruption, ruthless greed, and financial evil, the face above would be it

[LooktotheLeft]

LEATHERFACE !!!!!!!!!!­!!!!!!!!!!­!!!!!!!!!!­!!!!!!!!!!­!!!!!!! arrrrrrrrg­gggggggghh­hhhhhhhhhh­hhhh!!!

[Nicon]

So were what to busy to go after these guys?

We could free up a few cops to cuff these sob's by not arresting 1,000,000 Adults for marijuana this year.

[iridium53]

Nobody who has so far observed the Obama Administration obsequious behavior to the banksters would believe for a second that Obama or Holder would have the courage or principles to got after corporate fraud.

[ChristianEcon.com]

Agree.

[naschkatze]

I distinctly remember Holder saying when he was nominated that he would go after the criminals in boardroom as well as on the street. Just like the boss with his promises.

[noweknow]

Just look at what the Honduran oligarchs did to their democratically elected president. President Obama may find himself in a similar situation if he dares to defy the American oligarchy elites. Perhaps not as dramatic as been deported in his pajama in the middle of the night, but the outcome is the same.