committed why is he still walking as a free man to answer this question i spoke earlier with william k. black associate professor of economics and law at the university of missouri kansas city take a look. well no charges have been brought up against any of the elite bankers whose frauds caused the crisis so he's being treated like all the other criminal c.e.o.'s he gets complete immunity now we constantly hear that large banks may have acted unethically in the run up to the financial crisis but they weren't acting illegally is that true in your opinion well actually the justice department has stopped repeating that lie in fact the justice department is now taking the position in case after case in writing in pleadings where they're responsible under professional obligations to you know have a good faith basis for this they say it was fraud and it was a massive fraud it was led by the largest most powerful allegedly most sophisticated banks in the world it isn't just the department of justice many other federal and of these such as the federal housing finance administration have accused virtu