Claim: "Following the catastrophic, cascading collapse of major investment banks on Wall Street in 2007.....Nobody was prosecuted, no hearings were held and no reforms were implemented."
Fact-check: State Sen. Mike Doherty claims financial collapse led to no prosecutions, hearings or reforms
Verdict: false
Organisation: PolitiFact
Author: Bill Wichert
Date published: 2011-12-19T00:00:00