…between 1990 and 1995 no less than 1,852 S&L officials were prosecuted, and 1,072 placed behind bars. Another 2,558 bankers were also jailed, often for offenses which were S&L-linked too.Gillian Tett
Assistant Editor, Financial Times
This, according to a Department of Justice report. How many jail sentences have you seen meted out to bankers during the last couple years? I can only think of one, Bernie Madoff. I am willing to admit some escaped the radar, but this is hardly justice. The S&L crisis cost taxpayers roughly $124 billion and netted thousands of incarcerations. My how our society has changed.