The Financial Crisis: Why Have No High-Level Executives Been Prosecuted?

RECESSIONS; NEGLIGENCE (Ethics); KEATING, Charles H., 1923-2014; PROSECUTION; UNITED States. Dept. of Justice; ACTIONS & defenses (Law)

The article focuses on the Great Recession, along with the high level officials responsible for it. It mentions several reasons for the recessions including negligence, fraudulent practices, and failure to maintain adequate reserves. It highlights the savings-and-loan crisis which gave rise to criminal prosecution of nearly eight hundred individuals including Charles Keating, along with the Department of Justice, U.S. which has been more cautious in describing the reason of financial crisis.