That reporting is not consistent. Yeah, but you have to remember the cable system is 40 years old. We have a state of the art crime data warehouse. The jump that weve made this technology in the last 4 years for instance getting email has been tremendous. So the best Data Available has been used and certainly the Data Available for this report was light years better than the data used the last time we redirected 20 years ago. Right, maybe that is a great example. It varies from year to year even from department to department and maybe we can come up with a uniform. We have a uniform crime report to the fbi and this year we were able to consolidate all of our numbers to matchup at the end of this calendar year. It talks about quality and control for validation. There are some issues that would be great to address at some point in the future, not right now. I dont think it comes to any surprise to anyone that our data and system has been a work in progress but continues to improve and if
Tonight. Fraud and potential criminal conduct were at the heart of the financial crisis. More than four years later. No one going to jail, no individual is being held accountable. Th is totally about what went on on wall street. Frontline investigates why no wall street executives have gone to jail. The fbi wasnt aiming high enough. There was a definite sense that justice backed off. Did the government fail . Martin smith a number of people told us that you didnt make this a top priority. Well, im sorry if they think that, because i made it an incredibly top priority. So youre telling me that not one executive on wall street committed provable fraud . I mean, i just dont believe that. Tonight ofrontline, the untouchables. Frontlinis made possible by contributions to your pbs station from viewers like you. And by the corporation for public broadcasting. Major support for frontline is provided by the john d. And catherine t. Macarthur foundation, committed to building a more just, verdan
Incredibly top priority. So youre telling me that not one executive on wall street committed provable fraud . I mean, i just dont believe that. Tonight ofrontline, the untouchables. Frontlinis made possible by contributions to your pbs station from viewers like you. And by the corporation for public broadcasting. Major support for frontline is provided by the john d. And catherine t. Macarthur foundation, committed to building a more just, verdant and peaceful world. More information is available at macfound. Org. Additional funding is provided by the park foundation, dedicated to heightening Public Awareness of critical issues. And by the frontline journalism fund, supporting investigative reporting and enterprise journalism. Although this downturn started in the housing sector and in the financial sector, youre seeing a lot of things being hit. Todays numbers suggest job losses are accelerating. Thats the biggest loss since 1974. The unemployment rate. Narrator in 2009, wall street b
1974. The unemployment rate. Narrator in 2009, wall street bankers were on the defensive. The Great American mortgage bubble had burst. This is a huge amount of money. Narrator the economy was in ruins and wall street bankers were being blamed. Bankers admitted they had miscalculated. But they were also worried that they could be held criminally liable for fraud. He and president obama will continue to work on. Narrator with a new administration arriving in washington, bankers and their attorneys expected investigations and at least some prosecutions. 150 billion in mortgagebacked securities. Smith was there a sense that there were going to be prosecutions of alleged fraud related to the mortgage crisis . I think there was that expectation. I think people had seen the financial crisis. There was obviously a lot of conduct that had gone on that was improper. And i think people were expecting to see some substantial prosecutions. The men and women who duped wouldbe homeowners, who defrau
1974. The unemployment rate. Narrator in 2009, wall street bankers were on the defensive. The Great American mortgage bubble had burst. This is a huge amount of money. Narrator the economy was in ruins and wall street bankers were being blamed. Bankers admitted they had miscalculated. But they were also worried that they could be held criminally liable for fraud. He and president obama will continue to work on. Narrator with a new administration arriving in washington, bankers and their attorneys expected investigations and at least some prosecutions. 150 billion in mortgagebacked securities. Smith was there a sense that there were going to be prosecutions of alleged fraud related to the mortgage crisis . I think there was that expectation. I think people had seen the financial crisis. There was obviously a lot of conduct that had gone on that was improper. And i think people were expecting to see some substantial prosecutions. The men and women who duped wouldbe homeowners, who defrau