CFTC Awards More Than $1 Million to Whistleblower

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Are you insisting that knowingly selling an asset you knew were below investment grade is not a fraud? I don't need to cite any law (although I'm sure I could if I research hard enough). Simply, what was on their book at the time would clearly show that those mortgage-backed securities they were packaging as CDOs were fraudulent. Equally culpable were the credit rating agencies like Moody's who gave inflated rating to garbage CDOs. Did anyone from Moody's ever went to jail for that?

Again, person and law. Third time's the charm maybe? Can't be that hard, you're so certain of yourself you must have based that on a solid understanding of the law?

 

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Again, person and law. Third time's the charm maybe? Can't be that hard, you're so certain of yourself you must have based that on a solid understanding of the law?

Don't you understand english?

Deliberate misrepresentation or intentional misstatement of the financial products through omission or nondisclosure of relevant financial statement is itself a FRAUD. It's called "fraudulent misrepresentation".

Anyway, you have side-stepped my main bone of contention, which wasn't about Wall Street misdeeds but rather the incompetence and the complicit nature of regulators with the bankers.

I also highly suggest folks to listen to the audio clips from the following link to know WHY none of the Wall Street CEOs ever went to jail after the subprime debacle.

https://features.marketplace.org/why-no-ceo-went-jail-after-financial-crisis/

 

[Sig]

Don't you understand english?

Deliberate misrepresentation or intentional misstatement of the financial products through omission or nondisclosure of relevant financial statement is itself a FRAUD. It's called "fraudulent misrepresentation".

Anyway, you have side-stepped my main bone of contention, which wasn't about Wall Street misdeeds but rather the incompetence and the complicit nature of regulators with the bankers.

I also highly suggest folks to listen to the audio clips from the following link to know WHY none of the Wall Street CEOs went to the jail.

https://features.marketplace.org/why-no-ceo-went-jail-after-financial-crisis/

Again, what specific law, specific person, and specific incident do you have as an example? There's no "sidestepping" on my part when I ask you that same simple question now four times and you're completely and utterly unable to answer it. Just answer the damn question, it should be so simple given how widespread you seem to be convinced this was, no?
No CEO went to jail because no one could find an actual specific person who violated an actual specific law. You're continuing to reinforce that by your inability to list a person and a law. Not sure if you're from the US, but turns out you have to have a specific person to prosecute and a specific law they violated in our justice system. You're aiming your frustration in the wrong direction, not sure why you're being so obtuse about it given the fact you clearly don't have a single specific example to support your position.