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What specific frauds around MBS and CDOs are you referring to? Certainly some people did indeed see jailtime in the US due to fraudulent use of TARP money for
by seanhunter 8y ago
What specific frauds around MBS and CDOs are you referring to? Certainly some people did indeed see jailtime in the US due to fraudulent use of TARP money for example:
https://www.channel4.com/news/factcheck/factcheck-how-many-bankers-were-jailed-for-their-part-in-the-financial-crisis https://www.channel4.com/news/factcheck/factcheck-how-many-b...
Also several high-profile executives such as Angelo Mozillo settled for high fines and bars from financial services as a result of SEC enforcement. You can find some of the relevant SEC enforcement actions and their outcomes here https://www.sec.gov/spotlight/enf-actions-fc.shtml https://www.sec.gov/spotlight/enf-actions-fc.shtml although that page appears a little out of date.
There were to my knowledge prosecutions also for mortgage fraud etc but just in and of themselves ill-conceived securitizations constitute a fraud.