FRONTLINE investigates why Wall Street’s leaders escaped prosecution for any fraud related to the sale of bad mortgages. (Aired 2013)
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Are Wall Street executives “too big to jail”? In the 2013 documentary, “The Untouchables,” producer and correspondent Martin Smith (“Money, Power, and Wall Street”) investigates why the U.S. Department of Justice failed to act on credible evidence that Wall Street knowingly packaged and sold toxic mortgage loans to investors, loans that brought the U.S. and world economies to the brink of collapse. Through interviews with top prosecutors, government officials and industry whistleblowers, FRONTLINE reports allegations that Wall Street bankers ignored pervasive fraud when buying pools of mortgage loans.
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