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The Chickenshit Club: How the Justice Department Lets White Collar Criminals Off
The Chickenshit Club How the Justice Department Lets White Collar Criminals Off Author:Jesse Eisinger From Pulitzer Prize?winning journalist Jesse Eisinger, a blistering account of corporate greed and impunity, and the reckless, often anemic response from the Department of Justice. — The effects of the 2008 financial crisis resulted in catastrophic losses of income, jobs, and home and stock values. Almost ten years later, the crisis is still forc... more »ing governments and local municipalities to stretch their budgets beyond acceptable limits. The repercussions have bled into every facet of our lives. Ordinary Americans have had to absorb the effects of a small number of crooked banking executives? avarice. Yet, eight years later, not a single high-level corporate executive has faced criminal prosecution.
Eisinger offers a look at the spate of 1990s/early aughts scandals such as Enron, WorldCom, and Tyco, putting names and faces to the well-financed, shrewd executives and the overmatched, underfunded federal prosecutors charged with bringing them to justice. The depth of Eisinger?s research reveals the alarming reluctance of our Justice Department to pursue these possible criminals.
These revealing looks provide context for the evolution of the Justice Department?s approach to pursuing corporate criminals through the early aughts and into the Obama administration. Eisinger provides his solutions, after years spent covering Wall Street and finance.
The stories provide a clear, detailed explanation as to how our Justice Department could routinely avoid, bungle, and mismanage the fight to bring these alleged criminals to justice.« less