Tuesday, January 29, 2013

DOJ COMPLAINS: 'The Untouchables Was A Hit Piece'


Lanny Breuer on line 1.
'We will never co-operate with Frontline in the future.'
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Hilarious.
Not a huge story but still incredibly satisfying for molecular-level Wall Street revenge seekers.  A win is a win except in the Harbaugh family, and this is a victory for our side.  We can celebrate the fact that the Justice Department contacted Frontline producers last week after 'The Untouchables' aired Tuesday night and and threatened to blackball the award-winning PBS show.
You read that right.  And they called it a 'hit piece' for good measure.
Thin skin much, Lanny and Eric?  The truth hurts and the knives come out.
John Titus, who attempted to participate, offered the following summary.
DB--At your suggestion, I took part in the online chat and submitted nearly 20 questions, none of which was answered or acknowledged.  Moderator Peter Eavis plays an old man's game of 16" slow-pitch softball over there at NYT Dealbook.  Apparently he didn't see any of the four-seam hard balls that I sent over the middle of the plate.  All in all, it would have been a complete waste of 1 hour but for the following exchange:
FRONTLINE: Marty - some viewers have wondered about whether or how the Justice Department or other government agencies have responded to the film.  Any word?
Martin Smith: Well, the Justice Department called and said they thought it was a hit piece, that I came with an agenda and that they will never co-operate with us in the future.
Martin Smith: I'll let viewers decide if we were fair.
Continue reading...
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Summary from Frontline:
More than four years after the financial crisis, not one senior Wall Street executive has faced criminal prosecution for fraud.  Are Wall Street bankers simply “too big to jail?”
In The Untouchables, FRONTLINE producer and correspondent Martin Smith investigates why the U.S. Department of Justice has failed to act on credible evidence that Wall Street knowingly packaged and sold toxic mortgage loans to investors, loans that brought the U.S. and world economies to the brink of collapse.
So, after talking with top prosecutors, government officials and industry whistleblowers, what did he find?  Is there a chance some prosecutions may still take place?  What do we really know about the criminal cases that could be have been pursued?  And what does this investigation reveal about Wall Street and its relationship with the government?

You can watch the full broadcast here:

PBS Frontline - Wall Street Untouchables


And the details of Lanny Breuer's departure are here:

Wall Street Shill Lanny Breuer Done At DOJ

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