It's been four years since the financial crisis submerged the U.S. into a deep recession, that its still trying to recover from, yet many wonder, why no major cases have been brought against any of the banks that were culprits in the collapse. That may all change. New York Attorney General Eric Schneiderman has subpoenaed three major Wall Street banks. Louise Story, Wall Street and finance reporter for The New York Times, has the latest.
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Comments [1]
Didn't the housing crisis begin when the federal government over several years pressured banks into making risky loans?
Did government regulation provide the catalyst for these questionable lending practices? Does the House Financial Services Committee which oversaw Fannie and Freddie have any legal responsibility?
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