Reasons For Few Wall St. Arrest For Financial Collapse

Motion · Oct 29, 2011

For one thing, such cases tend to be difficult, and it's not immediately clear what offenses executives could be charged with.

"You can't get up in front of a jury and say, 'These guys were responsible for bringing down the economy, so please convict them of a crime,'" said Samuel Buell, a professor of law at Duke University, who studies criminal law and the regulation of corporations and financial markets.

PolitiFact | No CEOs have been arrested for bringing down the economy, said Michael Moore
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If you feel that there should be more arrests made of Wall Street executives connected to our financial meltdown then can you name some specific crimes that they committed and should be prosecuted for?

indydude · Oct 29, 2011

PolitiFact | No CEOs have been arrested for bringing down the economy, said Michael Moore
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What did Moore say about the bankers crimes?

Motion · Oct 30, 2011

I found some info on FBI investigations into mortgage fraud going back to 2001. How can this info be used today? I haven't heard too many people pushing this info out there.

Both retired FBI officials asserted that the Bush administration was thoroughly briefed on the mortgage fraud crisis and its potential to cascade out of control with devastating financial consequences, but made the decision not to give back to the FBI the agents it needed to address the problem. After the terrorist attacks of 2001, about 2,400 agents were reassigned to counterterrorism duties.

FBI saw mortgage fraud early - seattlepi.com
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indydude · Oct 30, 2011

info on FBI investigations into mortgage fraud going back to 2001.
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FBI all up in everybod'y business.

Citibank arrests customers for trying to close accounts
Oct 20, 2011 01:19 PM
Customers of Citibank were arrested yesterday after trying to close down their bank accounts.

23 customers of Citibank allegedly found themselves under arrest after being locked in the bank at 555 La Guardia Place, New York by security guards who even forced legitimate Citibank customers going about their daily business back into the bank.
Citibank responded to the allegations of arresting customer by releasing this statement:
“A large amount of protesters entered our branch at 555 La Guardia Place around 2:00 PM today. They were very disruptive and refused to leave after being repeatedly asked, causing our staff to call 911. The Police asked the branch staff to close the branch until the protesters could be removed. Only one person asked to close an account and was accommodated.”

Video below shows quite clearly that those inside the La Guardia Place branch of Citibank were not disruptive and remained quite calm and peaceful and also there are reports from eyewitnesses stating the explanation given by Citibank is far from the truth….

… The Occupy Wall Street movement has seen a resurgence of Eric Cantona’s call for people to withdraw their money from the banks and one site moveyourmoneyproject.org is attempting to assist this move….
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Protesters, "Citibank your under arrest." Citibank, "No, We're arresting you". Cue up Twilight Zone music.

Motion · Oct 30, 2011

I guess one reason it's difficult and complicated to arrest people today is because it does seem that the foundation for the collapse seems to go futher back than today. How do you arrest people today for what was set in motion in the late 70's to early 80's?

The fact is, neither the expansion of the subprime market nor the proliferation of exotic interest-only or option-ARM mortgages would have been possible without federal laws passed in the 1980s.

How Congress set up the subprime mess - Jan. 31, 2008
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Reasons For Few Wall St. Arrest For Financial Collapse

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