Notes From the Fieldby Martin Weil

December 26, 2011

The watchdog that didn’t bark

Reuters dissects the failure of the Federal judiciary to prosecute cases against the players in the mortgage meltdown. The documented record of law-breaking that the article exposes is damning, as is the lack of effort by the US Attorney’s Office to take any significant action.

“Why there hasn’t been more robust prosecution is a mystery,” said Raymond Brescia, a visiting professor at Yale Law School

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