Kamis, 10 Oktober 2013

Frontline: The Untouchables



Are the high paid heads of Wall St. firms immune from prosecution for fraud?
This hour-long (actually 55-minute) episode aired on PBS in late January 2013. It's another fine FRONTLINE investigative episode - written and narrated by Martin Smith - that will have you fuming - especially if you got hit by the financial crash on Wall Street. As Smith explains - though what may be a bit too technical for the average consumer - is that the loan companies were making week loans and then selling them to the large banks that lost money on them. But the high paid bankers didn't lose there jobs and not one Wall Street Firm was even charged with fraud and taken to trial!

There were lots of "whistle blowers" and Smith finds and interviews them. They are very open about what they saw. But when Smith goes to interview the FBI folks, they clam up. There are no real "answers" here but a lot of documented "Questions".

The DVd has no bonus features.
I hope you found this review both informative and helpful.

Steve Ramm
"Anything...

A Must for anyone who wants to Know about the Wall Street Criminals
Frontline does a fantastic job on any issue they tackle. This is one of three related investigations they did on wall street, the SEC, and their incestuous relationship.



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