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Industry Focus

Financials: The Chickens*** Club

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 12 March 2018

⏱️ 22 minutes

🧾️ Download transcript

Summary

White collar crime just isn't prosecuted the way it used to be. To find out why, we chat with Jesse Eisinger, author of "The Chickens*** Club: Why the Justice Department Fails to Prosecute Executives."

Transcript

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0:00.0

Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.

0:07.0

It's Monday, March 12th, and we're doing something a little different this week.

0:11.0

I'm Friday host Dylan Lewis and I'm at

0:13.0

South by Southwest with some other fools attending sessions and meeting with

0:16.6

folks to get great stuff for you our listeners. To kick things off for

0:21.5

South by Southwest week we're gonna air an interview with Jesse Eisinger.

0:25.0

He's a senior reporter and editor at ProPublica and the author of The Chicken S Club

0:30.0

Why the Justice Department fails to prosecute executives. We talked about how the Justice Department fails to prosecute executives.

0:33.0

We talked about how the Justice Department handles white-collar crime,

0:37.0

the historical events that shape that policy,

0:39.0

and the lesson for investors in all of it.

0:41.0

But we kicked things off with Jesse explaining

0:43.6

the curious title of his book which we censored for the podcast. It comes from a

0:47.7

speech given by a guy named Jim Comi. Maybe, name Rings of them.

0:52.8

Yeah.

0:53.8

So back in 2002, he became the US attorney

0:57.3

in the Southern District of New York.

0:59.1

And the Southern District of New York

1:00.5

is the most important office of the 94 offices of the Department of Justice

1:05.3

around the country including Washington DC and the way you know that it's the most important

1:09.6

is you ask anybody who's come from there and they'll tell you.

1:12.9

And there's sort of the hot shots.

...

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