The Untouchables (full documentary) | FRONTLINE

Summary by Krater

This PBS Frontline documentary investigates why no top Wall Street executives went to jail following the 2008 financial crisis, examining the Justice Department's handling of mortgage fraud investigations, the role of due diligence firms in securitizing bad loans, and the political and systemic pressures that prevented major prosecutions.

From the video

Answers: Why didn't any Wall Street executives go to jail after the 2008 financial crisis?

• 2008 financial crisis
• Wall Street investigations
• mortgage fraud prosecutions
• Department of Justice oversight
• due diligence in mortgage securitization

What it concludes

• No senior Wall Street executives have been criminally charged or jailed for actions leading to the 2008 financial crisis.
• Due diligence firms identified that a substantial portion of packaged mortgages did not meet bank lending standards.
• The Justice Department and federal agencies faced systemic hurdles and a lack of intent in successfully prosecuting high-level financial fraud.
• Civil lawsuits and settlements were pursued against major financial institutions like Citigroup, Goldman Sachs, and JP Morgan Chase instead of criminal indictments of individuals.