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Posts Tagged ‘why have not we seen more prosecutions on Wall Street’

Preet Bharara On “Too Big to Prosecute”

Posted by Larry Doyle on July 27th, 2012 6:48 AM |

How is it that America has not seen more indictments and prosecutions on Wall Street? That question, perhaps more than any other, is the cause of so much underlying rage and anxiety in our country. Why is that?

I firmly believe that the overwhelming majority of people in our nation embrace the principle of fair play and understand when that principle has been violated. In the process of that violation, people want justice to be served. Then why is that we have not witnessed more prosecutions on Wall Street?

Are certain institutions — and in my opinion, certain individuals — by definition, “too big to prosecute?” In a nation of laws, no institution or individual should ever be “too big to prosecute.” Then why haven’t we seen the indictments and prosecutions of senior executives at major firms on Wall Street? ¬† (more…)

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