ARE BIG BANKS TOO BIG TO JAIL?
Around ten million people lost their homes in the 2008 financial crisis.
In spite of serious evidence of fraud,
the banks involved merely received fines and only one banker went to jail.
This is in sharp contrast to the scandals of the 2001 financial crisis.
SENATOR ELIZABETH WARREN AND FEDERAL BANK REGULATORS
Senator Elizabeth Warren asks Federal Bank Regulators when was the last time
they took one of the biggest financial institutions on Wall Street all the way to a trial.
After much fumbling and bureaucratic fluff, the answer was never.
ELIZABETH ON ILLEGAL FORECLOSURES
Are regulators watching out for the American public or the banks?
Elizabeth Warren asks regulators why they won't turn over
case records to the victims of illegal home foreclosure.
Once again, there is no answer.
The regulators admit to having evidence of illegal bank activity, but they will not turn over this evidence to the public.
OBAMA'S ATTORNEY GENERAL, ERIC HOLDER, EXPLAINS WHY BANKERS HAVE NOT BEEN PROSECUTED
Eric Holder Admits Some Banks Are Just Too Big To Prosecute (Huffington Post, 3-6-13)
Transcript: Attorney General Eric Holder on 'Too Big to Jail' (American Banker, 3-6-13)
RELATED NEWS ARTICLES
Why have no CEOs been punished for the financial crisis? (The Hill, 12-8-16)
America's Housing Foreclosure Crisis Worsened Under President Obama (The Atlantic, 12-14-16)
The Untouchables: How the Obama administration protected Wall Street from prosecutions (The Guardian, 1-23-13)
Why Only One Top Banker Went to Jail for the Financial Crisis (New York Times, 5-4-14)
How the 2008 Housing Crash Affected the American Dream (Investopedia, 9-28-21)
Many Americans ended up homeless during the real estate crisis 10 years ago— here's where they are now (Business Insider, 8-7-18)
The financial crisis hit 10 years ago. For some, it feels like yesterday (LA Times, 9-15-18)
The 2008 Housing Crisis (CAP, 4-13-17)
A Bank Too Big to Jail (New York Times, 7-15-16)
How Wall Street’s Bankers Stayed Out of Jail (The Atlantic, September 2015)
No Bank Should Be Treated as 'Too Big to Jail' (USA News, 3-8-13)