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When Will Obama Get Tough On Financial Crimes?

Economy

When Will Obama Get Tough On Financial Crimes?

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David Cay Johnston wonders why President Obama isn’t acting to stop the growing banking fraud epidemic in his new column, “Where’s The Fraud, Mr. President?”

Another sort of financial crime was discussed when Steve Kroft, interviewing Obama for CBS’s “60 Minutes,” cited a poll showing that 42 percent of Americans believe Obama’s policies favor Wall Street. Kroft said he suspects that is because “there’s not been any prosecutions, criminal prosecutions, of people on Wall Street.”

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