Wall Street Banks

Obama Admin Prosecutes Zero Wall Street Executives Despite Crisis Fraud

2009-01-20 00:00:00 +0000 UTC | Importance: 8/10

Despite widespread evidence of fraud in the 2008 financial crisis, the Obama administration prosecuted zero major Wall Street executives, contrasting starkly with the Savings and Loan crisis when 1,706 bankers were sent to prison. Instead, the DOJ pursued civil settlements totaling tens of billions, …

Eric Holder Department of Justice Wall Street Banks Lanny Breuer Covington & Burling financial-crisis wall-street impunity revolving-door too-big-to-fail

Banking Act of 1935 Restructures Federal Reserve, Reduces Wall Street Influence Over Monetary Policy

1935-08-23 00:00:00 +0000 UTC | Importance: 8/10

President Roosevelt signs the Banking Act of 1935 on August 23, 1935, fundamentally restructuring the Federal Reserve System to centralize monetary policy authority in a reformed Board of Governors in Washington rather than the twelve regional Federal Reserve Banks, which had been dominated by …

Franklin D. Roosevelt Marriner Eccles Carter Glass U.S. Congress Federal Reserve Board +1 more financial-regulation new-deal federal-reserve banking-reform monetary-policy +1 more