David Cay Johnston: Too Big To Jail?

The transcript discusses the reluctance of government officials to prosecute large banks due to fears of economic disruption. It highlights criticism of these officials, particularly in Newsweek, and their subsequent backtracking. The transcript also examines claims about mortgage fraud prosecutions, revealing discrepancies between reported and actual cases. It concludes with a critique of the government's inaction against powerful entities involved in criminal frauds, suggesting that their prosecution could harm the economy.

Why was Congress hesitant to prosecute large banks?

• They were concerned about losing votes.

• They thought it would increase public trust.

• They feared it would cause economic disruption.

• They believed it would lead to economic growth.

What was the government official's claim regarding mortgage fraud?

• They had involved less than 100 people.

• They had focused on small-scale fraud.

• They had recovered over a billion dollars.

• They had prosecuted over 1000 cases.

How many cases were actually involved in the mortgage fraud prosecution?

• Less than 100 cases.

• More than 500 cases.

• Exactly 200 cases.

• Over 1000 cases.

What is the speaker's view on the government's approach to powerful individuals?

• They are frequently targeted for minor offenses.

• They are not prosecuted to avoid economic damage.

• They are ignored due to lack of evidence.

• They are often prosecuted to set an example.

What is the main concern about prosecuting powerful individuals?

• It could enhance their public image.

• It would result in political instability.

• It might damage the economy.

• It could lead to increased crime rates.