financial services authority head of enforcement tracy mcdermott has admitted it is easier to go after the little guy rather than take on the big banks with said there are three off cycles to taking on senior bankers and clearing the fact that many decisions are made by a committee so finding responsibility can be difficult complex structures mean it is difficult to find out who is in charge and f.s.a. rules mean there's a high evidence threshold to punish individuals now max you've said for many years now we should use rico the rackets anti racketeering legislation passed in america that giuliani used against to take down the whole mafia in new york for the same reason that you never get the top guy the jamie dimon lloyd blankfein saying commit the fraud so you've got to infiltrate the organization why don't you send one of these you know banks to loving d.o.j. guys to pose as a bank so they already look like one go in there and pretend to be a banker and get them all committing the crimes well they're all invested in fraud but this reminds me of the frank quattrone defense if you rem

financial services authority head of enforcement tracy mcdermott has admitted it is easier to go after the little guy rather than take on the big banks with said there are three off cycle so taking on senior bankers and clearing the fact that many decisions are made by a committee so finding responsibility can be difficult complex structures mean it is difficult to find out who is in charge and f.s.a. rules mean there's a high evidence threshold to punish individuals now max you've said for many years now we should use rico the rackets anti racketeering legislation passed in america that giuliani used against to take down the whole mafia in new york for the same reason that you never get the top guy the jamie dimon lloyd blankfein saying commit the fraud betty so you've got to infiltrate the organization why don't you send one of these you know banks to loving d.o.j. guys to pose as a bank so they already look like one go in there and pretend to be a banker and get them all committing the crimes well they're all invested in fraud but this reminds me of the frank quattrone defense if yo

financial services authority head of enforcement tracy mcdermott has admitted it is easier to go after the little guy rather than take on the big banks but dermot said there are three off cycle so taking on senior bankers including the fact that many decisions are made by a committee so finding responsibility can be difficult complex structures mean it is difficult to find out who is in charge and f.s.a. rules mean there's a high evidence threshold to punish individuals now max you've said for many years now we should use rico the rackets anti racketeering legislation passed in america that giuliani used against to take down the whole mafia in new york for the same reason that you never get the top guy the jamie dimon lloyd blankfein saying commit the fraud so you've got to infiltrate the organization why don't you send one of these you know banks to loving d.o.j. guys to pose as a bank so they already look like one go in there and pretend to be a banker and get them all committing the crimes well they're all invested in front but this reminds me of the frank quattrone defense if you r

financial services authority head of enforcement tracy mcdermott has admitted it is easier to go after the little guy rather than take on the big banks with said there are three off sickles that taking on senior bankers including the fact that many decisions are made by a committee so finding responsibility can be difficult complex structures mean it is difficult to find out who is in charge and f.s.a. rules mean there's a high evidence threshold to punish individuals now max you've said for many years now we should use rico the rackets anti racketeering legislation passed in america that giuliani used against to take down the whole mafia in new york for the same reason that you never get the top guy the jamie dimon lloyd blankfein saying commit the fraud so you've got to infiltrate the organization why don't you send one of these you know banks to loving d.o.j. guys to pose as a bank so they already look like one go in there and pretend to be a banker and get them all committing the crimes well they're all invested in fraud but this reminds me of the frank quattrone defense if you rem

financial services authority head of enforcement tracy mcdermott has admitted it is easier to go after the little guy rather than take on the big banks with dermot said there are three off sickles that taking on senior bankers including the fact that many decisions are made by a committee so finding responsibility can be difficult complex structures mean it is difficult to find out who is in charge and f.s.a. rules mean there's a high evidence threshold to punish individuals now max you've said for many years now we should use rico the rackets anti racketeering legislation passed in america that giuliani used against to take down the whole mafia in new york for the same reason that you never get the top guy the jamie dimon lloyd blankfein saying commit the fraud so you've got to infiltrate the organization why don't you send one of these you know banks to loving d.o.j. guys to pose as a bank so they already look like one go in there and pretend to be a banker and get them all committing the crimes well they're all invested in fraud but this reminds me of the frank quattrone defense if

but in fact is just to me letting more fraud but let me go to some tidbits in the news there tracy mcdermott head of the enforcement of the f.s.a. says it's easier to take on the little guy than go after the big banks so she's saying the financial securities authority that well we would go after the big fraudsters but that's too much work so we try to go after the little guys i guess just for show and because they're lazy your thoughts well obviously the f.s.a. have got to they've you know like everybody else they've measured they measured by objectives they're measured by results so they've got to go to try and show that they're doing something and he just becomes easier to go off to the smaller institutions where the you know the chain of evidence is. much shorter but it does to go up against the big institutions but the problem with the with susan i don't think i'm not blaming this mcdermott's i mean but the fact is she and her team just own sufficiently qualified to be able to understand how you go up against a major mainstream organization ok it was behaving like brits behaving like org