In 2008, Wall Street banks created a financial crisis that incinerated the economy. It was only a few years after the Justice Department aggressively prosecuted Enron and Arthur Anderson, and so many folks expected there would be similar prosecutions of financial executives, especially because Democratic presdiential candidate Barack Obama promised to “bring a new era of responsibility and accountability to Wall Street.” But it never happened. On this episode, I talk to a Pulitzer Prize winning ProPublica reporter Jesse Eisinger about why he says this failure to prosecute Wall Street reflects the rise of the Chickenshit Club. That’s the name of his new book, which details how the federal government has reduced its efforts to seriously prosecute corporate executives.

 

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