David Cay Johnston: Too Big To Jail?

The transcript discusses the reluctance of government officials to prosecute large banks due to fears of economic disruption. It highlights criticism of these officials, particularly in Newsweek, and their subsequent backtracking. The transcript also examines claims about mortgage fraud prosecutions, revealing discrepancies between reported and actual cases. It concludes with a critique of the government's inaction against powerful entities involved in criminal frauds, suggesting that their prosecution could harm the economy.

What did the inspector general's report claim about the amount of money involved in mortgage fraud?

How many cases of mortgage fraud were actually pursued according to the text?

What was the author's stance on the government's actions regarding mortgage fraud?

What is implied about the power dynamics in prosecuting financial fraud?

What was the reason given for not prosecuting certain banks?