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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 ...

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 ...

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. ...

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. ...

He never made the agreement. I think he knew he was looking at jail time. It was how much he could shave off. And i think thats what were beginning to get some idea at. I would throw this question to chuck, is one of the central key differences here between these two, between the flynn and cohen case, is that flynn cooperated immediately, early, right out of the gate and often. And that cohen was late . One of the big differences here is between early cooperation and late cooperation . Flynn was immediate, it was fullsome, it was timely and it was therefore substantial. Cohen was later and les...