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11-05-28 No prosecution of bankers… // No hay persecución de los banqueros … // 不起诉的银行家…

May 28, 2011


Cheat Sheet on Bank Investigations and the Probes That Have Petered Out
Marian Wang, ProPublica: “As we and many others have noted, no top banking executives have been successfully prosecuted in connection with the financial crisis: not for making the bad loans that fed the mortgage machine, not for lying about the quality of the mortgages, and not forforeclosing improperly when homeowners struggled to make loan payments. But there have been many investigations. Some are still pending, others seem to have fallen by the wayside. Here’s our overview of what the banks have been accused of doing at each stage of the mortgage machine.”
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