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The Chickenshit Club
The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives | Jesse Eisinger
3 posts | 5 read | 9 to read
From Pulitzer Prize–winning journalist Jesse Eisinger, a blistering account of corporate greed and impunity, and the reckless, often anemic response from the Department of Justice. Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed “Too Big to Fail” to almost every large corporation in America—to pharmaceutical companies and auto manufacturers and beyond. The Chickenshit Club—an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs—explains why. A character-driven narrative, the book tells the story from inside the Department of Justice. The complex and richly reported story spans the last decade and a half of prosecutorial fiascos, corporate lobbying, trial losses, and culture shifts that have stripped the government of the will and ability to prosecute top corporate executives. The book begins in the 1970s, when the government pioneered the notion that top corporate executives, not just seedy crooks, could commit heinous crimes and go to prison. The book travels to trading desks on Wall Street, to corporate boardrooms and the offices of prosecutors and F.B.I agents. These revealing looks provide context for the evolution of the Justice Department’s approach to pursuing corporate criminals through the early aughts and into the Justice Department of today. Exposing one of the most important scandals of our time, The Chickenshit Club provides a clear, detailed explanation as to how our Justice Department has come to avoid, bungle, and mismanage the fight to bring these alleged criminals to justice.
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AmyStewart
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Haven‘t read it, but this title made me laugh out loud (I mean, read the subtitle as well)—-And it‘s a good excuse to post a picture of my chicken.

BookHermit I dig the chicken 6y
StaceyKondla That is an excellent chicken!!! 6y
AmyStewart Thank you. Her name was Ladybird. I‘m sorry to say she‘s no longer with us. 6y
TheBookgeekFrau Love the chicken! .... Title also made me laugh, may have to check this one out 6y
tpixie Lovely chicken!!! RIP LADYBIRD 6y
78 likes3 stack adds5 comments
review
Mentallofilth
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Panpan

A timely book in theory, but it reads more like gossip than history. Eisinger frequently gets lost in the stories of the prosecutors themselves, a procession of leaden Great Man narratives, leaving the political and social trends that shaped these decisions by the wayside. This made the book a bit of a slog for me. There is important stuff here, but it has been covered in a more systematic way elsewhere.