William K. Black made it down to Occupy Wall Street in NYC yesterday and gave an interview. He explains, among other things, why he was able to put over 1,000 bankers in jail during the S & L Crisis in the late 1980s/early 1990s. Black states that back then they received thousands of criminal referrals from regulating agencies and law enforcement, but that today, for a crisis that is 70 times the size of the one in the 1980s, there have been ZERO criminal referrals. ZERO.
And we wonder why we have a problem……
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