by Michael Krieger
Pulitzer-Prize winning journalist Jesse Eisinger is currently on leave from his day job as he finishes a book about “white collar crime & (non)punishment.” He recently sat down with ProMarket to discuss some of what he’s learned.
What follows are some choice excerpts, but I also suggest reading the entire thing here:
Q: You describe the financial history of the United States as a series of boom and busts, followed by crackdowns. Before the financial crisis of 2008, we saw the biggest boom, followed by the biggest bust—but no crackdown. We saw a significant crackdown after Enron, which was a scandal on a much smaller scale. Is it a lack of will or a lack of ability that leads to executive impunity, or do the two go hand in hand?