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October 18, 2011

Why Massive Crime, But No Prosecutions?

“A man with a briefcase can steal more money than any man with a gun,” as Don Henley memorably sang in the song “Gimme What You Got.”

The 2008 financial crisis that crashed the world’s financial system and economy proved that beyond anyone’s wildest imagination.  But, the real question is how come virtually no one has been prosecuted for engaging in conduct that cost literally trillions of dollars?  

The answers to that question have ranged from the laughable to the absurd as Professor William Black, one of the leading national experts on white collar and corporate crimes, makes clear on NPR’s On Point today.  If you want to know not only why that hasn’t happened, but how it can and should still happen, listen to the show here.

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