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Why aren’t the bankers in jail?

bank jailsThe U.S. Department of Justice is prosecuting soccer officials based in Switzerland for corruption and fraud. But even though banks have paid $190 billion in fines* for criminal misdeeds that crashed the U.S. economy and brought suffering to hundreds of millions of people, only 1 banker** has been jailed for financial crimes related to the crisis. Why? This story attempts to root out why the U.S. government coddles the world’s most corrupt elite.

* Such fines are actually paid by innocent shareholders and cost guilty bankers nothing because they get to keep their jobs, salaries, and bonuses.

** A small fish you’ve never heard of.

 


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