Now it's "too big to criticize"? Not a chance.
//Under Barack Obama, prosecution of white collar crime has hit a two-decade low, according to Justice Department records. In the years since the financial crisis of 2008, some top Obama officials suggested that while Wall Street firms may have engaged in excessive risk taking, their individual executives' actions may not have constituted criminal activity.
Warren told IBT she was “going to blow the BS whistle” on that line of argument.
“In the financial crisis of 2008, it was fraud right down at the heart of that crisis, and yet not one major bank executive was even charged, much less prosecuted and taken to trial — not one,” she said. Noting that the federal governmentprosecuted hundreds of Wall Street executives after the Savings and Loan scandal a few decades ago, she said, “You’re telling me that something changed between the 1980s, when more than a thousand people got prosecuted in the Savings and Loan crisis, but by 2008, a far bigger financial crisis involving far bigger and bolder frauds, that no one was legally responsible for that? That’s just not possible.”
Warren, a law professor by training, laid out the case for prosecuting financial executives.
“Under the law, if a corporation violates the law, then of necessity one or more of the employees at a corporation must also have violated the law — that’s the way the law works,” she said. “It’s not possible that the corporation broke the law, but there was no individual who broke the law. And yet look at what happened. These giant banks have signed off on huge settlements and in some cases have admitted to wrongdoing, and yet not a single executive is held responsible.”//