The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives

Read [Jesse Eisinger Book] ^ The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives Online # PDF eBook or Kindle ePUB free. The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives The book travels to trading desks on Wall Street, to corporate boardrooms and the offices of prosecutors and FBI agents. The Chickenshit Club - an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs - explains why. Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed too big to fail to almost every large corporation in America

The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives

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Rating : 4.32 (914 Votes)
Asin : B0725NRB9T
Format Type :
Number of Pages : 462 Pages
Publish Date : 2015-07-07
Language : English

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The dirt under the carpet Any book that can definitively answer the question of why no executives have gone to jail for the Financial Crisis deserves our attention. And in this case a Pulitzer Prize. The Chickens--t Club is a fast moving, fly on the wall, disheartening look at the deterioration of the Justice Department and the Securities and Exchange Commission, written sympathetically, thoroughly, but mostly - engagingly. It is a book of superheroes.There are 9The dirt under the carpet David Wineberg Any book that can definitively answer the question of why no executives have gone to jail for the Financial Crisis deserves our attention. And in this case a Pulitzer Prize. The Chickens--t Club is a fast moving, fly on the wall, disheartening look at the deterioration of the Justice Department and the Securities and Exchange Commission, written sympathetically, thoroughly, but mostly - engagingly. It is a book of superheroes.There are 94 US Attorney offices around the country. They operate on their own, independent of the Justice Department, their dotted line overseers. They fight over cases, w. US Attorney offices around the country. They operate on their own, independent of the Justice Department, their dotted line overseers. They fight over cases, w. A very knowledgeable book by a veteran Wall Street reporter. Enforcement failures in the aftermath of Enron James Comey gave Eisinger the title for his book when he took over as prosecutor for the Southern District of New York under a newly elected George W. Bush. It was composed of prosecutors who were too timid to take a case to court, especially one against individuals.Eisinger says that the very moment Comey gave that speech may have represented the apogee of prosecutorial zeal on the part of the financial enforcement regime. Corporations grew stronger, and court rulings made it more difficult to go after individuals. No individuals from the higher levels of the "Too Big to Fail" banks have been p. All the confusing parts of the 2008 meltdown make sense now Like a lot of people, I found the 2008 meltdown pretty hard to understand. I knew that some rich and powerful people had done some controversial things, and I knew that the government had given a lot of money to banks and businesses that were "too big to fail", and I knew mortgages were involved somehow. But the whole thing was so complicated, and I don't have 5 hours a day to study financial terminology, so I just shrugged and moved on with my life (which, coincidentally, seemed much harder than it did before 2008).Jesse's book cut through all the jargon and the purposefully dense legalese and

The book travels to trading desks on Wall Street, to corporate boardrooms and the offices of prosecutors and FBI agents. The Chickenshit Club - an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs - explains why. Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed "too big to fail" to almost every large corporation in America - to pharmaceutical companies and auto manufacturers and beyond. Exposing one of the most important scandals of our time, The Chickenshit Club provides a clear, detailed explanation as to how our Justice Department has come to avoid, bungle, and mismanage the fight to bring these alleged criminals to justice.. The book begins in the 1970s, when the government pioneered the notion that top corporate executives, not just seedy crooks, could commit heinous crimes and go to prison. The complex and richly reported story spans the last decade and a half of prosecutorial fiascos, corporate lobbying, trial losses, and culture shifts that have stripped the government of the will and ability to prosecute top corporate executives. A character-driven narrative, the book tells the stor

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