Evidently, the FBI is no longer chasing white collar criminals.
According to Professor of Economics and Law William Black to Financial Sense Newshour, he explains to Jim Puplava, of Financial Sense NewsHour, why no one has gone to jail four years after the
beginning of the historic Credit Crisis.
Professor Black believes that the level of corruption and fraud is so pervasive that very few of the guilty will ever be brought to justice.
Bill Black is an Associate Professor of Economics and Law at the University of Missouri – Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics.Go here to either read the interview transcript, or to get access to listen to the podcast.