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Holder: Big Banks' Clout "Has an Inhibiting Impact" on Prosecutions
The attorney general's comments underscored previous concerns that the Justice Department hasn't been sufficiently aggressive in prosecuting major banks for the fiscal crisis.
March 6, 2013
Senators Bash DOJ for "Evasive" Response on "Too Big To Jail"
Two U.S. senators have criticized the Department of Justice for offering an "aggressively evasive" response to their questions about why major banks have avoided prosecution for the financial crisis.
March 5, 2013
Supreme Court Ruling a Blow for Future Financial Crisis Cases
The unanimous decision largely ensures no new civil fraud charges will come out of the crisis, now that five-year statute of limitations for such cases has nearly expired.
February 27, 2013
BP Facing Up to $17 Billion in Penalties in Civil Trial
The trial, which begins today, will determine whether the oil giant was "grossly negligent" in the 2010 Deepwater Horizon disaster.
February 25, 2013
4 Reasons Why the S&P Fraud Lawsuit May Be a Game-Changer
The Justice Department alleges Standard & Poor's, the nation's largest credit ratings agency, knowingly understated the risk behind many of the financial products that caused the subprime mortgage meltdown.
February 5, 2013
Senators Ask DOJ: Is Wall Street Really "Too Big to Jail"?
Senators Sherrod Brown (D-Ohio) and Charles Grassley (R-Iowa) want to know whether the DOJ avoided prosecuting banks in order to protect financial markets.
January 29, 2013
Eric Schneiderman: Mortgage Task Force Eyeing Broader Suits
The appetite is growing for cases that address systemic fraud during the financial crisis, says the co-chair of the Obama administration's Mortgage-Backed Securities Working Group.
January 28, 2013
Did Wall St. Get Away With It? Live Chat Wed. 2 pm ET
Join us for a live chat on "The Untouchables" with producer Martin Smith and New York Times DealBook reporter Peter Eavis at 2pm ET on Wednesday, January 23rd. You can leave a question now.
January 22, 2013
Blowing the Whistle on the Mortgage Bubble
Well before the 2008 financial meltdown, mortgage industry insiders discovered a ticking time-bomb that they say went up to the very top of Wall Street. What did they find? Who did they warn? And what happened to their warnings?
January 22, 2013
Too Big To Jail? The Top 10 Civil Cases Against the Banks
In nearly every major legal case to emerge from the crisis, government prosecutors have won multi-million dollar settlements, but companies and officials have not been required to admit wrongdoing.
January 22, 2013
Were Bankers Jailed In Past Financial Crises?
Not one Wall Street executive has been prosecuted for fraud related to the subprime crisis. How does that compare to past downturns?
January 22, 2013