White Collar Watch: Dim Prospects for Financial Crisis Prosecutions

White Collar Watch examines how the Justice Department is moving beyond UBS in its investigation of offshore tax evasion, as clients of HSBC are attracting scrutiny.

White Collar Watch examines the problems that the Financial Crisis Inquiry Commission faces in enforcing a subpoena to Goldman Sachs demanding information about its transactions.

Peter J.

There is not likely to be any new, sweeping investigations involving white-collar crime in the president's second term, but prominent cases involving the Foreign Corrupt Practices Act and the fallout from the 2008 financial crisis still loom.

Gretchen Morgenson and Louise Story have a great piece in The New York Times about the curious fact that the greatest financial collapse in many decades has produced no prosecutions of any leading figures anywhere.

WASHINGTON – President Barack Obama will nominate former federal prosecutor Mary Jo White to head the Securities and Exchange Commission, the White House said on Thursday, showing a desire to have a tough cop policing Wall Street. White, the former U.S. attorney for the Southern District of New York who was known for prosecuting terrorists and mob figures, would become the third consecutive woman to hold the powerful post. She would succeed current SEC Chairman Elisse Walter, who took over in December after predecessor Mary Schapiro stepped down.

Assistant Attorney General Lanny Breuer has been accused by some of being overly fearful of prosecuting big banks.

Watch Collar Watch examines the limitations that the Supreme Court's ruling in the Skilling case puts on the prosecution of corporate executives for misconduct that does not involve lining their own pockets.