The idea that no bankers went to prison for crimes related to the financial crisis is a myth, according to the watchdog overseeing the federal government's bailout fund.
There have been 35 bankers sentenced to prison, said Christy Goldsmith Romero, the special inspector general for the Troubled Assets Relief Program (SIGTARP), in a report to Congress released Thursday.
More than $400 billion in TARP funds were distributed to banks that were in danger of failing during the financial crisis. The TARP inspector general has been prosecuting cases of fraud in the use of those funds.
Many of the crimes involved relatively small amounts of money at smaller banks, rather than massive fraud at Wall Street banks.
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6 comments:
If they're sending bankers to prison then Bill Clinton and Janet Reno need to go hand and handcuff. They threatened bankers with criminal prosecution if they did not underwrite bad paper loans.
I like what Putin said about the US banking crises, he said "we would take them out and shoot them". (meaning the bankers)
The goy go to prison.
The elites keep stealing.
2:04 the rest of that order was that it was for low income, minority buyers to be able to own a home. Again, changing the rules so blacks can be included.
As usual, all the working class had to pay for the lazy people that do nothing but whine and bitch.
And there should be at least that many politicians going to jail with them, but don't hold your breathe. The real criminals are in charge of the prison.
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