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A comment on Why didn’t any Wall Street CEOs go to jail after the financial crisis? (2019). Parent comment

Re:Why didn’t any Wall Street CEOs go to jail after the fina... by rkk3 on Tuesday August 24, 2021 @03:52PM (#28294037)
The corruption may be rampant but those aren't "Wall Street" jobs. Countrywide was based out of Calabasas, California.
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Re:Why didn’t any Wall Street CEOs go to jail after the fina... by actually_a_dog on Tuesday August 24, 2021 @03:57PM (#28294106)
There's no way half the loans in a portfolio are fraudulent, and that doesn't get noticed. That includes by the Wall Street firms that are repackaging and securitizing them as CDOs and CDSs. At some point, in a functioning system, that does attract the attention of the CEO.
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