Tuesday, January 29, 2013

Frontline: "The Untouchables"

As usual, the Public Broadcast System's "Frontline" shows what decent journalism is all about with its program entitled "The Untouchables," a documentary that examines why not a single Wall Street executive has been criminally prosecuted for the 2008 meltdown for which they were responsible through the sale of bad mortgages. The Justice Department, like the crime lords it might have chased, has its reasons. Consumers lost hundreds of billions of dollars; Wall Street and bankers have paid mere billions in fines... talk about a successful business trade-off! The program is far more even-tempered than my assessment.

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