CBS News' 60 Minutes Takes Look Into Lack Of Bankster Prosecutions In Interviews With Two Whistleblowers

CBS News' 60 Minutes reports:

• Two whistleblowers offer a rare window into the root causes of the subprime mortgage meltdown.



• Eileen Foster, a former senior executive at Countrywide Financial, and Richard Bowen, a former vice president at Citigroup, tell Steve Kroft the companies ignored their repeated warnings about defective, even fraudulent mortgages.



• The result, experts say, was a cascading wave of mortgage defaults for which virtually no high-ranking Wall Street executives have been prosecuted.

For more, see Prosecuting Wall Street.

To watch the 60 Minutes' segment, see:

• Prosecuting Wall Street, pt. 1,
• Prosecuting Wall Street, pt. 2,
• The business model: Risky loans.