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Federal judge asks: Why haven’t any top executives been prosecuted for financial crisis?

As the five-year statute of limitations nears for crimes that led to the Great Recession, a federal judge wants to know why no high-level executives have been prosecuted. U.S. District Court Judge Jed Rakoff said he could not be sure whether intentional fraud was committed in any particular case, but…

Obama: Republicans promising economic chaos if they don’t get what they want

Barack Obama on Monday accused his Republican opponents of holding the economic recovery to ransom, as the US faces another deadline over its borrowing limits. In a speech that was overshadowed by news from Syria and fatal shootings at the Washington Navy Yard, Obama said he would not negotiate over…

Greek parents welcome adult children moving back in thanks to financial crisis

In a society where family ties traditionally play a prominent role, Greece’s deep economic crisis apparently offers a few Greek mothers a reason to be happy. While financial hardship may have forced many to seek their fortune abroad, it has also obliged an increasing number of young people to return…

Why no financial crisis prosecutions? Ex-Justice official says it’s just too hard

It’s an issue we and others have noted again and again: Years after the financial crisis, there have still been no prosecutions of top executives at the major players in the financial crisis. Why’s that? Well, according to a now-departed Justice Department official who used to be in charge of investigating…

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