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Why The U.S. Isn’t Prosecuting White Collar Criminals

I am not surprised that this happening. After all Obama was elected and then re-elected with the help of Wall Street money

Justice League

Now that is the million dollar question…

A British banker is headed to prison for over a dozen years for cheating the markets, but American prosecutions of financial and other professionalized crimes are at their lowest levels in 20 years, according to data compiled by Syracuse University’s Transaction Records Access Clearinghouse (TRAC).

The decline in American vigor against crooks who keep their hands clean comes as Britain prepares to send a financier to prison for his role in a megabank conspiracy to rig interest rates in their favor. Tom Hayes, 35, was sentenced Monday to 14 years behind bars by a British jury.

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William Black, a white collar criminologist and finance professor who helped expose the vast fraud underlying the Savings & Loan (S&L) crisis of the 1980s and then authored a book titled “The Best Way To Rob A Bank Is To Own One,” said the prosecutorial…

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