Inside Job Director Charles Ferguson: Where Are Criminal Prosecutions for Financial Crisis?
June 1, 2012
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14:22Now PlayingInside Job Director Charles Ferguson: Where Are Criminal Prosecutions for Financial Crisis?
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as posted by the channelDemocracyNow.org - The Labor Department has just announced the United States economy gained only 69,000 jobs in May and the unemployment rate rose to 8.2 percent. We air part two of our interview with Academy-Award winning director Charles Ferguson, who first examined the network of academic, financial and political players who contributed to the nation's financial crisis in his documentary "Inside Job." In his new book, "Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America," Ferguson draws on newly released court filings to continue his investigation. Ferguson notes the Clinton administration oversaw the most important financial deregulation, and since then, "we've seen in the Obama administration very little reform and no criminal prosecutions, and the appointment of a very large number of Wall Street executives to senior positions in the government, including some people who were directly responsible for causing significant portions of the crisis." Ferguson also calls for raising the salaries of senior regulators and imposing stricter rules for how soon they can lobby for the private sector after leaving the public sector.
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