On The eighth anniversary of the Lehman Brothers collapse and subsequent economic crisis, Senator Elizabeth Warren sent a letter to the Inspector General of the Department of Justice, asking why they did not prosecute the nine individuals and 14 corporations the Financial Crisis Inquiry Commission referred to them in 2010 despite the FCIC saying that their actions were “serious indications of violation(s) of federal securities or other laws.”
Senator Warren called into Boston Public Radio on Thursday to discuss the DOJ’s failure to prosecute those responsible for the collapse and the lasting impact it has had on our country.
“It is basically the CEOs and CFOs of some of the largest financial institutions in this country,” said Senator Warren on who the FCIC referred to the DOJ.
“If you won’t indict people, if you won't take them to trial, if you won’t hold them personally responsible and liable when they break the law, then they just turn around and break it again and break it again,” she said. “The only way you change the incentive structure is to hold those executives personally liable for breaking the law,” Warren continued.
Eight years after the collapse, Americans are still paying for the negligent actions of those responsible. “Everybody has paid the price for this. Young, old, and in-between.”
