Tuesday, May 21, 2013

“If they can fog a mirror, we’ll give ‘em a loan.”

These are the words of an unidentified mortgage lender specializing in packaging home loans into securities, then selling them to investors around the world....amassing enormous fortunes for the big banks.  Are the CEOs of mega-banks too big to jail? Though fraudulent practices at banks contributed to America's financial meltdown, to date no Wall Street titan has been convicted of a crime connected to the crisis. FRONTLINE investigates why Wall Street's leaders have escaped prosecution.  FRONTLINE: THE UNTOUCHABLES...9PM





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