Matt Taibbi: If an Individual on Wall Street was Punished, Banks Would Take Note (VIDEO)

In this “Viewpoint” Web exclusive, Matt Taibbi, contributing editor for Rolling Stone, talks about how the lack of any individual prosecutions relating to the 2008 financial crisis has emboldened Wall Street. Taibbi recently took to task Attorney General Eric Holder and the Department of Justice for failing to bring any cases against Goldman Sachs in a Rolling Stone piece.

“I’ve heard this over and over again from people who work on Wall Street: that the reason that these guys do what they do so brazenly is because they have absolutely no fear of punishment anymore,” Taibbi says. “Even if they do fine the companies, which they have done often enough — well, not often enough — but they have done often in the last few years, there’s been almost not a single instance of an individual suffering in any way for any of this stuff.”

Taibbi goes on to suggest that people who want to see Wall Street held accountable should try to vote for attorneys general who “have real guts” and are willing to take on the banks’ high-priced lawyers.

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4 Responses to “Matt Taibbi: If an Individual on Wall Street was Punished, Banks Would Take Note (VIDEO)”
  1. HERMAN VERGARA says:

    WE THE PEOPLE, PETITION THE OBAMA ADMINSTRATION:
    Please sign this petition at: THE WHITE HOUSE Web-Page:
    *Revoked HSBC Bank USA its U.S. banking licenses for money laundering*.

  2. HERMAN VERGARA says:

    It’s an outrage HSBC Bank USA hasn’t had its U.S. banking licenses revoked for money laundering around the world.
    Bank crime shouldn’t pay.

  3. chitown2020 says:

    After the S&L crisis 1000 bankers went to prison. Since then we had ENRON., and the biggest robbery of our wealth, and property in history. They do need to go to prison however, we need a referendum on the 2012 ballot to restore the U.S.C and issue our own currency, U.S. BANK NOTES issued by State Banks. We need to start voting out the corruption from the local level on up and replace them with all of us. The people of the U.S. need to sue the Federal Reserve, who are a private bank, for all of the fraud they committed in our names and abolish them. The FED should not be allowed to ever again receive another dime of U.S. TAXPAYER money.

  4. Jimmy Rivera says:

    What about the enablers? (Such as the so called “Trustees”; who foreclose on Property’s at Servicers request without verifing standing. And the Robosigning Notary’s. Of course, the fact that these enablers are Servicer owned (Recontrust by BofA, California Reconveyance by Chase, Executive Trustee Service by GMAC) or mere employees of these services has a lot to do with it, but to knowingly break the law, just because your getting a paycheck is no diferent to getting paid to steal, extort or kill. (Come to think of it…)

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