When will justice be served? Young Turks host Cenk Uygur delivers a summary of a report by Reuters that shows our government is focusing on small scale swindlers while turning a blind eye to the massive fraud by large banks despite the wealth of evidence against them.
The shift underscores the remarkable recovery of the biggest banks and brokerage firms since Washington rescued them in the fall of 2008.
Documents indicate that federal regulators ignored recommendations to force banks that did business with A.I.G. to accept losses on the deals.
In ways subtle and profound, new financial rules could change the way business will be done for years to come at big banks like JPMorgan.