Monday, May 20, 2013

Financial Fraud prosecutions down despite Obama's promise

corporate crime is overlooked as are the wealthy and the powerful in every state in the union,from behemoth Washington to tiny vero beach,Florida,its all corrupted by the wealthy and the powerful.this is corrupt government,we need laws that treat all Americans the same,from the homeless old woman,to Donald Trump.

President Obama promised that American taxpayers will never again bear the brunt of a financial sector crash at the hands of bankers making risky trades. But if we look at the sheer statistics behind the number of criminal prosecutions for financial institution fraud, you'll notice a shocking trend. Data released by the US Justice Department shows that over the past 20 years, the number of federal prosecutions for financial fraud has gone down significantly. RT's Meghan Lopez spoke to Kevin Whelan, campaign director for the Home Defenders League, for more