Compared to, say, derivatives, S&L scams were extremely easy to explain to a jury.
-
-
-
The mortgages themselves were fraudulent - that's easy to understand. Prosecutions would have been easy...
-
Sure, of the mortgage brokers who committed the fraud. AGs don't get camera time for perp-walking John Smith of Sarasota Mortgage, Ltd
-
they get them to name names
-
And what if those were the names? What if there was no vast internal conspiracy, just lax oversight and bad incentives?
-
you really believe that?
-
Yup, I sure do. The mortgage crisis was marked by astounding greed and stupidity on every level.
-
But greed and stupidity are not crimes. Nor is causing a financial crisis.
- 5 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.