60 Minutes

I watched the 60 Minutes segment on the financial sector corruption last night. Even with a good law in place, the CEOs and CFOs of financial houses such as CitiCorp and CountryWide, have not been indicted or served time. They were informed of the bad mortgage practices and still signed documents telling investors everything was fine. One CEO who was citied by the SEC got no jail time and only had to pay 5% of all the money he personally made while screwing investors. He personally made hundreds of millions bilking investors. Shear SCUM, and I'm talking about the feds who are supposed to protect us as well as the guilty financial managers.

 

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