$36 billion in bonuses this year. this kind of cult of more, more, more, grow, grow, grow. the economy is melting, the bush administration is leaving. obama gets a real glimpse of the future. disaster is coming. there s real panic in the marketplace. you may have just made the decision that destroyed the world. these banks transfer risk across the atlantic, outside the purview of american regulators. they turn into a frankenstein monster. occupy everything! in an election year. wall street got away with bank robbery. is the global financial system any safer? this crisis really never ended. tonight, part 1, money, power and wall street. frontline is made possible by contributions to your pbs station from viewers like you. thank you. and by the corporation for public broadcasting. major funding is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. and by reva and david loga
and we re under orders by the judge not to discuss those. i ve had a clans to review certainly the summary and in portions of it and some of the findings that are made there are disturbing. they were disturbing when i made the decision to dismiss the case. we have done a lot i think since that time to come up with ways in which we try to prevent those kinds of mistakes from happening again. we have an extensive training program. we have hired somebody who is responsible as a coordinator to make sure that discovery in criminal cases and civil cases, that the justice department is involved in, so we don t fall back into those same kinds of errors. we have talked to i have spoken to members of the judiciary, all to make sure that what happened in the case involving senator stevens is not replicated. but i would urge everybody to understand that this justice department, this attorney general, when we made that determination that mistakes had occurred, took the extraordinary ste
after you moved to dismiss the case, the court appointed council to investigate the botched prosecution of senator stevens and found the prosecutors engaged in systematic concealment of evidence, but they were not guilty of criminal contempt. according to the summary that was put out in the public, the full report coming l, said that the court said despite findings of widespread and at times intentional misconduct, the special counsel, mr. schulke recommended against contempt charges because prosecutors did not disobey a clear and s required under law. judge sullivan said, upon review of docket and proceedings in the stevens case, mr. schulke concludes no such order existed in this case. whether the court accepted the repeated representations of the subject prosecutors that they were familiar with their discovery obligations were complying with those obligations and were proceeding in good faith. my question to you is, does it concern you that the only reason these prosecutor
enforcement of consumer fraud and the residential mortgage backed securities working group which will bring federal and state partners together to investigate and prosecute abuses in our housing markets. both will help to amplify existing efforts and to foster cooperation and collaboration in the department s response to these problems. just a few weeks ago, a similar collaborative approach led the departments of justice and housing and urban development, as well as other agencies and 49 state attorneys general to achieve a landmark $25 billion settlement with the nation s top five mortgage servicers, the largest joint federal state settlement in our nation s history. although this will not on its own cure all that ails our housing market, this agreement builds on the record fair lending settlement obtained last year and will provide substantial relief to homeowners. it also provides a blueprint for future collaboration across levels of government, state borders and party lin
could you elaborate on your department s needs, but is there any recommendations you d have to begin to contain the prison population? are we federalizing too many crimes? is recidivism the problem? again, safe streets, but this is really an ever-increasing part of our appropriations. i think there are a whole variety of reasons why we see the prison population expanding. we now have about 215,000 or so people in the federal system. that number goes up every year. it is for that reason that we consistently come back to this committee asking for additional funds for b.o.p. i think there are a variety of reasons you see people coming into the system. we re good partners with our state and local counterparts and try to help them to the extent we can. and so some cases that violet both federal law and state law, and if they have very serious criminals, we bring into federal system if there are evidentiary rules or more harsh sentences that we can give to them. the point you hit