Regaining Control Essay

1163 words - 5 pages

The Untouchables is a fifty minute documentary on the “F-bomb,” the word is fraud; it’s not to be used, in a film which shines the light on the number one suspects being Wall Street. Many of Wall Street’s top brokers and if not all top executives who have contributed to the next great recession will not face any chance of prosecution or be indicted on any criminal charges because the failure of the United States government including the efforts made by the Justice Department and the Federal Bureau of Investigation to bring about any credible evidence in which there was beyond a reasonable doubt.
Based on the seemingly packaged and toxic mortgage loans to investors and the gambling on ...view middle of the document...

After watching the film I felt somewhat annoyed and angered by the way in which Mr. Breuer handled the case against Wall Street and how he yielded to the opportunity of establishing any accountability to any of the top executives in such a tremendous case indirectly involving the entire world and Government of the United States and every citizen because of due diligence. Due Diligence is an investigation of a business or person prior to signing a contract and requires a certain level or standard of care that every person and business I think should exercise because of the ethical impactions which can arise when working within an organization or any place of business throughout the U.S. and Internationally. The letter cited remarks made in the above excerpt from the film by Lanny Breuer, the former head of the Justice Department’s criminal division. Breuer told FRONTLINE: In any given case, I think I and prosecutors around the country, being responsible, should speak to regulators, should speak to experts, because if I bring a case against institution A, and as a result of bringing that case, there’s some huge economic effect — if it creates a ripple effect so that suddenly, counterparties and other financial institutions or other companies that had nothing to do with this are affected badly — it’s a factor we need to know and understand. (http://www.pbs.org/wgbh/pages/frontline/business-economy-financial-crisis/untouchables/is-wall-street-still-untouchable/)
If being scared of doing your job as a top governmental employee who oversees criminal activity within the legal system is a problem for you because of failing, and because you feel these enterprises is to powerful 1. Why are you in such a high profile position, and 2. You must be involved in the problem in some way shape or form because the evidence you have in compiling an investigation is overwhelming to bring about a proper prosecution against corporate thugs being Wall Street Executives, and having a vast number of key people in congress who will stand behind your efforts than why has almost five years passed and not a single conviction been made involving such an extensive case of fraud to the American people in history. He seemed almost as if he did absolutely nothing in organizing any serious efforts to bring about a case against any real players of Wall Street, rather coming across as another paid top level puppet. As the...

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