The Untouchables: PBS Asks Why U.S. Justice Department Isn’t Prosecuting Wall Street

By Pam Martens: January 23, 2013  The Untouchables, which aired last evening on the PBS program “Frontline,” builds on the outstanding 2012 series co-produced by Martin Smith and his wife, Marcela Gaviria, Money, Power, and Wall Street. (I highly recommend watching all four episodes of the earlier documentary, then rewatching The Untouchables if you want an epiphany into why Wall Street can’t be tamed.) Smith is producer, writer and correspondent in the latest effort.  Unfortunately, last night’s program sought an answer to an abbreviated question: why has no Wall Street executive been criminally prosecuted for fraud tied to the sale of mortgages. The unabbreviated question and the one that infuriates Americans is: why has no executive of a major Wall Street firm been criminally prosecuted for anything.  If the U.S. Justice Department was serious about doing its job, it has a cornucopia of crimes to pick from: Wall Street CEOs … Continue reading The Untouchables: PBS Asks Why U.S. Justice Department Isn’t Prosecuting Wall Street