The disclosures

1. 2013March 6, 2013Wall Street & Banking

   Holder: some institutions so large it is difficult to prosecute them

   To the Senate Judiciary Committee.

   Source: Holder: Big Banks' Clout 'Has an Inhibiting Impact' on ProsecutionsRead the full story →
2. November 22, 2013Wall Street & Banking

   The one Wall Street executive sent to prison for the crisis: 30 months

   Three days after JPMorgan's $13 billion settlement released no one from prosecution.

   Source: Former Credit Suisse Managing Director Sentenced in Manhattan Federal Court to 30 Months in PrisonRead the full story →
3. 2014August 21, 2014Wall Street & Banking

   Bank of America pays $16.65 billion and admits the loans were misrepresented

   No executive charged.

   Source: Bank of America to Pay $16.65 Billion in Historic Justice Department Settlement for Financial Fraud Leading up to and During the Financial CrisisRead the full story →
4. 2018March 14, 2018Wall Street & Banking

   Senate passes the bank rollback, 67 to 31

   Strict supervision threshold raised from $50 billion to $250 billion.

   Source: Roll Call Vote 54, On Passage of the Bill (S. 2155, Economic Growth, Regulatory Relief, and Consumer Protection Act)Read the full story →

Stories (1)

• 2004 to 2014Why Only One Wall Street Executive Went to Prison After the 2008 Mortgage Fraud CrisisThe FBI warned Congress in 2004 that mortgage fraud was pervasive and growing and could do as much damage as the savings and loan crisis, which had produced more than 800 convictions. The government's own inquiry into the 2008 crisis found lenders made loans they knew borrowers could not afford and a systemic breakdown in accountability and ethics. The banks then paid $13 billion and $16.65 billion to settle civil claims in which they admitted selling securities they knew did not meet their own guidelines. One Wall Street executive went to prison, for 30 months. In 2013 the attorney general told the Senate that some institutions had become so large that it does become difficult for us to prosecute them. In 2012 his department had let a bank that admitted laundering money for drug cartels pay a fine instead of facing a charge.Wall Street & Banking