Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Tuesday, May 24, 2011

Marian Wang's Brief Review Of The Investigations Into The Economic Collapse

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 for foreclosing 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.


http://www.propublica.org/blog/item/cheat-sheet-on-bank-investigations-and-the-probes-that-have-petered-out