{"id":12605,"date":"2013-11-16T07:06:08","date_gmt":"2013-11-16T06:06:08","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=12605"},"modified":"2013-11-16T07:06:08","modified_gmt":"2013-11-16T06:06:08","slug":"why-are-financial-executives-not-prosecuted-for-subprime-mortgage-crimes","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/why-are-financial-executives-not-prosecuted-for-subprime-mortgage-crimes\/","title":{"rendered":"Why Are Financial Executives Not Prosecuted for Subprime Mortgage Crimes?"},"content":{"rendered":"<p>At a meeting of New York City securities lawyers this week, Jed Rakoff did what he does best: challenge Establishment Thinking. &#8220;While the economy has slowly improved, there are still millions of Americans leading lives of quiet desperation &#8212; without jobs, without resources, without hope.&#8221; Then he asked: Who is to blame?<\/p>\n<p>Rakoff is the iconoclastic U.S. District Court judge who&#8217;s been at the heart of some of the most significant trials stemming from the financial crisis. And what he really wanted to know is why more there haven&#8217;t been more criminal prosecutions of top financial executives (the very ones who, not coincidentally, made many of the people in his audience quite wealthy). To Rakoff the answer, clearly, is gun-shy federal prosecutors. \u00a0<strong><a href=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/11\/Why-Are-Financial-Executives-Not-Prosecuted-for-Subprime-Mortgage-Fraud.pdf\" target=\"_blank\">Why Are Financial Executives Not Prosecuted for Subprime Mortgage Fraud<\/a><\/strong><\/p>\n<p style=\"text-align: center\"><a href=\"http:\/\/www.w-t-w.org\/en\/why-are-financial-executives-not-prosecuted-for-subprime-mortgage-crimes\/who-is-responsible\/\" target=\"_blank\" rel=\"attachment wp-att-12607\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-12607\" alt=\"Who Is Responsible?\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/11\/Who-Is-Responsible-300x181.jpg\" width=\"300\" height=\"181\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/11\/Who-Is-Responsible-300x181.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/11\/Who-Is-Responsible.jpg 459w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At a meeting of New York City securities lawyers this week, Jed Rakoff did what he does best: challenge Establishment Thinking. &#8220;While the economy has slowly improved, there are still millions of Americans leading lives of quiet desperation &#8212; without &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/why-are-financial-executives-not-prosecuted-for-subprime-mortgage-crimes\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,13],"tags":[],"class_list":["post-12605","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"At a meeting of New York City securities lawyers this week, Jed Rakoff did what he does best: challenge Establishment Thinking. &quot;While the economy has slowly improved, there are still millions of Americans leading lives of quiet desperation -- without jobs, without resources, without hope.&quot; Then he asked: Who is to blame? Rakoff is the\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Susan_Hall\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/why-are-financial-executives-not-prosecuted-for-subprime-mortgage-crimes\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - Women and Finance\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Why Are Financial Executives Not Prosecuted for Subprime Mortgage Crimes? - W-T-W.org\" \/>\n\t\t<meta property=\"og:description\" content=\"At a meeting of New York City securities lawyers this week, Jed Rakoff did what he does best: challenge Establishment Thinking. &quot;While the economy has slowly improved, there are still millions of Americans leading lives of quiet desperation -- without jobs, without resources, without hope.&quot; Then he asked: Who is to blame? 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