Get breaking news alerts via email

Click here to manage your alerts
State of the Debate
George Pyle
George Pyle has been a newspaper writer in Kansas, Utah, Upstate New York, and now Utah again, for more than 30 years - most of it as an editorial writer and columnist. Now on his second tour of duty on The Salt Lake Tribune Editorial Board, he has also done a stretch as a talk radio host, published a book on the ongoing flaws of U.S.agricultural policy and, in 1998, was a finalist for the Pulitzer Prize for Editorial Writing. His most active bookmarks are Andrew Sullivan, Christopher Hitchens and Tina Brown. And he still thinks the Internet can be used for intelligent conversation and uplifting ideas.

» E-mail

» Subscribe (RSS)

Editorials/background: Wall Street walks away ...

Above: The "60 Minutes" story

Join the Discussion
Post a Comment

- No justice: Wall Street gets off scot-free - Salt Lake Tribune Editorial

It has been three years since the financial meltdown spawned the Great Recession, yet the Obama Justice Department has yet to file a single criminal charge against a mortgage lender, investment banker or ratings agency principal. The American people are left to conclude that when it comes to massive financial crimes, there is no justice to be had from the Justice Department.

"60 Minutes," the CBS television news program, reminded everyone of this ugly fact with an excellent segment Sunday. In it, correspondent Steve Kroft interviewed two mid-level executives who had warned their bosses at Countrywide Financial and Citigroup, respectively, about fraud within their mortgage operations. Obviously, neither company responded vigorously enough. But even more frustrating is that the whistleblowers have not even been interviewed by federal prosecutors.

As Kroft put it to the chief of the Justice Department’s criminal division, it doesn’t seem that Justice is trying very hard. ...

...The financial system nearly collapsed, the taxpayers had to fund bailouts, the stock market tanked, the Great Recession began and millions of Americans lost their jobs. But the big shots who made the huge fees have not been called to account. They should be in the dock.

- Why No Financial Crisis Prosecutions? Ex-Justice Official Says It’s Just too Hard - ProPublica

- Why Prosecutors Don't Go After Wall Street - NPR

- Why no Wall St. bigwig has been prosecuted - MSNBC

- Occupy Portland uses bat signal to demand prosecution of Wall Street crime - ThinkProgress

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.

  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.