Has Anyone Been Held Accountable for the Subprime Mortgage Crisis?
In case we have forgotten about the Subprime Mortgage Crisis, Frontline replayed their documentary "Is Wall Street Untouchable?" tonight -- see the video above. It has now been almost five years since the start of the financial crisis in 2007 and the statue of limitations on civil fraud cases is about to run out. It appears right now that there will be no major Wall Street prosecutions, either criminal or civil. Can anyone see a link between the lack of prosecutions and the obscene level of income inequality in the US?
I use my blogs to make informal comments on policy topics related to my research interests in computer simulation of the US Health Care System, the US Economy, the US Stock Market, the US Financial System, the Wisconsin Dane County regional economy and the World System. I am retired from the University of Wisconsin -- Madison. I have taught Statistics and Computer Science and also served on the UW's HIPAA Task Force and the Bioterrorism Task Force. I have also been a member of my local planning commission, a jazz guitarist and a golfer, so some of that may find its way into the blogs.
No comments:
Post a Comment