This story was co-published with The New Yorker. It is not subject to our Creative Commons license. In the late summer of 2009, lawyers at the Securities and Exchange Commission were preparing to bring charges in what they expected would be their first big crackdown coming out of the financial crisis. The investigators had been looking…
Proving ‘intent’ is a very difficult thing to do.
Which is why the RICO law was passed.
Why the government hasn’t used the RICO statutes on the banksters is a a good question?
Why the big banks haven’t been broken up using the blueprint contained within the Dodd-Frank law is another good question.
One of these days when we elect a president and some politicians that haven’t taken millions of dollars in corporate campaign donations those questions might be answered.