PBS Frontline's 'The Untouchables' Investigates Lack Of Wall Street Prosecutions After Mortgage Crisis (VIDEO)

Here is my theory why no one big on Wall Street has been prosecuted for crashing the economy.



First, as we know, the GLBA and Commodities Modernization Act of 2000 pretty much eliminated all meaningful regulation of the Financial Sector and Markets ... with derivatives being unleashed from oversight. In 2003. Warren Buffett issued his derivatives are "Weapons of Financial Mass Destruction" warning ... at that point there were about 200 trillion in Derivatives in circulation in markets worldwide. Around the same time Wall Street thought it had discovered a surefire way to distribute risk in such a way that the markets were protected from a crash. This gave Wall Street new confidence to whip up derivative/CDS deals to the tune of 1.2 quadrillion dollars globally by 2008.



Then the crash happened in 2008 ... Bear Sterns and Lehman collapsed ... and Wall Street discovered that their distributed risk model was a failure.



In the hours ticking down to the TARP bailout Wall Street shares with the government how the derivative/CDS con was so Immense that if it were to unravel it would collapse the global economy ... all regions.



At this point the Government recognizes that the criminals that caused the mess were the only ones capable of preventing collapse.



At this point, the Criminals of Wall Street and the Financial Sector became indispensable.



Untouchable.
Read the Article at HuffingtonPost