It would appear that it's a mistake to commit white collar crime without being an American bank. [1][2][3][4] [1] "70% of early payment defaults had fraudulent

It would appear that it's a mistake to commit white collar crime without being an American bank. [1][2][3][4] [1] "70% of early payment defaults had fraudulent misrepresentations on their original loan applications" - http://www.anu.edu.au/fellows/jbraithwaite/_documents/Articles/diagnostics_white_collarcrime.pdf http://www.anu.edu.au/fellows/jbraithwaite/_documents/Articl... [2] "half of all the loans called sub-prime, were also liars loans. Liars loans means that there was no prudent underwriting of the loan" - http://www.neweconomicperspectives.org/2011/09/william-black-why-nobody-went-to-jail.html http://www.neweconomicperspectives.org/2011/09/william-black... [3] "how many criminal referrals did the same agency do, in this crisis. Remember it did well over 10,000 in the prior crisis. Well the answer is zero. They completely shut down making criminal referrals" - ibid [4] "In 2003, Freddie Mac coughed up $125 million after it was caught misreporting its earnings by $5 billion; nobody went to jail. In 2006, Fannie Mae was fined $400 million, but executives who had overseen phony accounting techniques to jack up their bonuses faced no criminal charges. That same year, AIG paid $1.6 billion after it was caught in a major accounting scandal that would indirectly lead to its collapse two years later, but no executives at the insurance giant were prosecuted." - http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216?page=4 http://www.rollingstone.com/politics/news/why-isnt-wall-stre...