The Center for Public Integrity has put together a three-part series on what has happened to the principals after the great meltdown of Lehman Brothers in September 2008.
- The executives of the Wall Street banks: Richard Fuld (Lehman Brothers), Jimmy Cayne (Bear Stearns), Stanley O’Neal (Merrill Lynch), Chuck Prince (Citigroup), and Ken Lewis (Bank of America)—all “living in quiet luxury.”
- The subprime lenders: “top executives from the 25 biggest pre-crisis subprime lenders—including at least 14 founders or CEOs— re back in the mortgage business at mortgage companies that are less regulated than banks.”
- Their banks: “the major banks that survived the crisis, largely because they were saved with taxpayer money after being deemed ‘too big to fail,’ are now bigger and more powerful than ever.”
- The government regulators: “most of the leaders of the agencies charged with oversight of the financial system—the SEC, Federal Reserve, Treasury, FDIC, and OTS—have moved on” while “many former regulators are cashing in on their experience—helping companies navigate reforms made after the crisis, writing books on their experiences, making a killing on the speaking circuit—or have retired quietly.”
Note: Cosmopolis accomplishes, in film, for the post-2008 meltdown what The Cook, The Thief, His Wife, and Her Lover did for Thatcherism.