The Perp Walks Are Coming - A Window Into the Wall Street Frauds

“What’s taking so long?”

That’s the common refrain you hear among even the rank and file on Wall Street, home to the subprime bond factories.

Even lower level workers want to know when miscreant Wall Street executives will get arrested, the officials who went berserk cranking out fraudulent, dangerous securities and who, in the process have flattened the world’s largest investment metropolis and sent the U.S. banking system still lurching around in a hospital gown, despite a year of being in detox.

In due time, law enforcement officials say, as these predatory securitizations and other complex securities frauds take time to unspool and investigate.