The Traderszone Network

Published in TZ Latest News 21 April, 2016 by The TZ Newswire Staff

These SEC Insider Emails Reveal Why No Bankers Have Gone To Jail

Back In April 2010, the world was stunned when in what would be the first major case dealing with the fallout from the endemic fraud prevalent during the last housing and credit bubble, the SEC charged Goldman Sachs and Paulson with securities fraud over the infamous Abacus CDO, which was subsequently featured in Michael Lewis’ Big Short book and movie. There was also hope that for the first time, bankers – ostensibly from the company that does “God’s work” – would go to prison.

read more