4.4 β’ 645 Ratings
ποΈ 15 October 2018
β±οΈ 6 minutes
ποΈ Recording | iTunes | RSS
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0:00.0 | Hello, listeners, it's your host, Pete Davis here. |
0:12.0 | Just stopping by the main feed to share that over at the bird feed, we just dropped an interview with Pulitzer Prize winner, ProPublica senior reporter, |
0:22.5 | an investigative journalist extraordinaire, Jesse Isinger. |
0:27.6 | Jesse is the author of The Chicken Shit Club, |
0:31.0 | Why the Justice Department Fals to Prosecute Executants, |
0:34.9 | and is an expert on white-collar crime and its feckless prosecutors. |
0:39.3 | To listen to my interview with Jesse right now, become a patron over at our Patreon page. |
0:46.0 | That's patreon.com slash current affairs. |
0:49.1 | $5 a month there. |
0:51.0 | We'll grant you access to the bird feed, which is all the bonus episodes |
0:55.4 | from the current affairs extended universe. If you don't want to become a patron, no problem. |
1:02.1 | We'll have another main episode on here next week. But for now, here's an excerpt from my |
1:08.6 | interview with Jesse Eisenger. |
1:19.3 | There are many different threads here that all culminated in our white-collar prosecution crisis. |
1:30.1 | So going back 40 years in the 60s and 70s, prosecutors never focused on trying to rein corporations in. When they saw white-collar crime at corporations, they focused on prosecuting individuals. So they would prosecute the highest level |
1:34.5 | individual that they could, hoping for the CEO or the chairman of the board. And then they would |
1:39.9 | prosecute the enablers, the accountants and the lawyers when they saw fraud. That's completely |
1:45.0 | changed. Now, today, what we do is we focus on settling with corporations for money instead of |
1:52.0 | prosecuting individuals. That transformation has been complex and subtle and unplanned and ad hoc and has utterly altered the way we go about trying to |
2:06.0 | prosecute corporate crime. And my argument is that that simply does not work. The regime is |
2:11.9 | broken because we see recidivist corporations. We see BP and Goldman Sachs and J.P. Morgan and Wells Fargo and Pfizer, |
2:21.2 | and the list goes on and on, repeatedly violating the rules and the law and getting fines that are |
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