You might recognize a pattern. There is systemic fraud inside a corporation. Someone tries to blow the whistle. Their reward? Fired, their income lost and reputation ruined. Such is the fate of those who tried to do anything regarding the massive subprime mortgage fraud, a major underlying cause of the financial crisis.
CBS 60 Minutes asked the same question we've been asking since 2008, why aren't executives and the perpetrators of the crisis in jail? In spite of bringing the globe to her knees, criminal prosecutions are down 28.6% from just before this latest debacle.
It's like ground hog day in corporate crime. Nothing ever changes and the only ones punished are the ones with a conscience and the U.S. middle class and poor.
The transcript for the 60 Minutes report is here.