Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed "Too Big to Fail" to almost every large corporation in America-- to pharmaceutical companies and auto manufacturers and beyond. The Chickenshit Club-- an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs-- explains why. The book tells the story from inside the Department of Justice. The spans the last decade and a half of prosecutorial fiascos, corporate lobbying, trial losses, and culture shifts that have stripped the government of the will and ability to prosecute top corporate executives.
Includes bibliographical references (pages 335-357) and index.
Formatted Contents Note:
"There is no Christmas" -- "That dog don't hunt" -- The silver age -- "Unitedly yours" -- The backlash -- Paul Pelletier's white whale -- KPMG destroys careers -- The hunt for AIG -- No truth and no reconciliation -- The law in the city of results -- Jed Rakoff's radicalization -- "The government failed" -- A tollbooth on the bankster turnpike -- The process is polluted -- Rakoff's fall and rise -- "Fight for it."
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