Alternative priorities and government ties to the conditions that caused the financial crisis could explain the lack of prosecutions.
The DOJ has excused the failure to prosecute high-level individuals for fraud on one or more of three grounds.
If the Great Recession was caused by fraud, the failure to prosecute those responsible is an egregious failure.
The Regulatory Review features the remarks of Judge Jed S. Rakoff, delivered at the Institute for Law and Economics’s Distinguished Jurist Lecture.
U.S. and U.K. regulators stress progress on cross-border agreements.
New rule protects the FDIC from liability for foreign deposits in the event of U.S. bank failure.