, Columnist
Keep Waiting for Wall Street Crime Crackdown
Prosecutors promise to get tough on Wall Street. Be skeptical.
Take it easy.
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In a move that can only mean a presidential election campaign is upon us, the Justice Department said it is finally going to pursue individual white-collar criminals.
As the New York Times reported, the Justice Department "issued new policies on Wednesday that prioritize the prosecution of individual employees -- not just their companies -- and put pressure on corporations to turn over evidence against their executives." The policies are contained in a memo written by Deputy Attorney General Sally Q. Yates. They will be discussed in greater detail today at the New York University Program on Corporate Compliance and Enforcement.