Watchdog: ‘Toxic’ corporate culture remains unchanged five years after U.S. financial meltdown

By Agence France-Presse
Tuesday, October 29, 2013 7:14 EST

Five years after the U.S. financial crisis forced the massive government TARP bailout, the U.S. corporate culture remains toxic and breeding crime, the watchdog for the bailout program said Tuesday.

More than 300 people in the banking, housing and securities industries are in the hands of the criminal system, whether it is a charge, a conviction or a sentencing, the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) said in a quarterly report to Congress.