Crime and Punishment (or the Lack Thereof) for Financial Fraud in the Subprime Mortgage Meltdown: Reasons and Remedies for Legal and Ethical Lapses

15 Nov

Don Mayer,* Anita Cava,** and Catharyn Baird***
INTRODUCTION
The subprime mortgage crisis that led to the 2008 financial meltdown
continues to haunt the U.S. and global economies. In the United
States, the crisis still reverberates, leaving some economists concerned
that a full recovery may never happen.
1
Many Americans have seen
their homes wrongfully foreclosed on …
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