Seeking Justice

The government has not been too eager to bring the fraudsters who caused the Great Recession to justice. Based on a study by the NY Times, there are very few prominent cases that have been filed in court. The Times study list a total of 16, 3 of which are criminal. Of the 13 civil cases, 9 have been settled. The government was able to obtain settlements very fast in six of these cases - the same day as a complaint was filed. The total amount of the settlements is about $1.4 billion. The total amount of the fraud is probably 100 times that.