"Countdown" contributor Matt Taibbi discusses the impact of populist enthusiasm and President Obama's adoption of the 99 percent message in terms of a breaking news story about a possible settlement in the ongoing investigation of allegations that some of the largest American banks engaged in foreclosure fraud. Taibbi says the settlement being discussed would leave major banks exposed to criminal investigations. Taibbi speculates as to the potential repercussions of the ruling, saying, "If they do this for real, if they do this like a real, Enron-style investigation, you know, you could have half the luminaries on Wall Street doing prison time."

Foreclosure Deal Could Land Half of Wall Street
in Jail

By Matt Taibbi, Countdown/Current TV

30 Janaury 12

"Countdown" contributor Matt Taibbi discusses the impact of populist enthusiasm and President Obama's adoption of the 99 percent message in terms of a breaking news story about a possible settlement in the ongoing investigation of allegations that some of the largest American banks engaged in foreclosure fraud. Taibbi says the settlement being discussed would leave major banks exposed to criminal investigations. Taibbi speculates as to the potential repercussions of the ruling, saying, "If they do this for real, if they do this like a real, Enron-style investigation, you know, you could have half the luminaries on Wall Street doing prison time."