This is James Corbett of the Corbett Report with your Sunday update for this 17th day of April 2011.

And now for the real news. The issue of criminal culpability for the largest financial fraud in the history of human civilization

has finally hit the pages of the so-called paper of record for the United States, The New York Times.

On April 14th, the paper ran a report by Gretchen Morgensen and Louise Story under the headline

in financial crisis, no prosecutions of top figures, that finally brought mainstream attention

to the question of why bankers and financial executives have avoided criminal proceedings for their

part in the worldwide economic meltdown of 2008.

The article also revealed a secret policy by the SEC to limit civil actions against some of the

big financial institutions.

The Securities and Exchange Commission adopted a broad guideline in 2009,

distributed within the agency but never made public,

to be cautious about pushing for hefty penalties from banks that had received bailout money.

The agency was concerned about taxpayer money in effect being used to pay for settlements.

Others, including rogue economic analyst Max Kaiser, have gone several steps further than the

Wall Street run and CIA-friendly New York Times in seeking justice for these financial

crimes against humanity.

Max, why do we keep asking this question? Maybe we should start hanging bankers.

I'll be asking. Let's start hanging bankers. I think that could be a solution.

Hanging.

Yeah.

That's cheap. That's cheap. Even in the weep, even in the whooping there, that was a bit of doubt.

But, but...

...