safe banking

a blog on banking, corporate governance, and financial market reform.

December 2, 2015

Going Soft on White Collar Crime

Tucked into the bipartisan criminal justice overhaul package, the language could hamper federal prosecutors’ deployment of statutes that have been used for more than a century against fraudsters from Charles Ponzi to Bernard L. Madoff.  Read more of this DealBook column here:

 

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In the wake of the financial meltdown in 2008, there were many who claimed it had been inevitable, that “no one saw it coming,” and that subprime borrowers were to blame.