In recent months we have railed against the lack of criminal prosecutions tied to the economic meltdown. While tens of millions of Americans remain unemployed (or underemployed / working for significantly less pay / upside down on their mortgages), no executives from America’s Too Large To Fail, Too Large To Jail banks are behind bars. […]
FIRREA – An Overlooked Whistleblower Tool?
I chuckled this morning when reading the paper. The big financial news this week is the Department of Justice suit against Bank of America for the sale of residential mortgage backed securities. The article claims the plaintiff’s bar “is abuzz” over the government’s use of a little known law called the Financial Institutions Reform, Recovery […]