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>> NEW YORK TIMES Latest News

APR 30, 2014 - The Week

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Wall Street's first post–housing crash criminal charges will have nothing to do with shady mortgages

U.S. federal prosecutors are preparing to file criminal charges against at least two of the world's largest banks, The New York Times reports, tackling the "public outcry over the perception that Wall Street giants are 'too big to jail.'" That perception is due largely to the fact that five years after the global economy collapsed under the weight of terrible and shady mortgage and lending practices at the world's biggest banks, no top bank or banker has been charged with a crime.So who are the feds going after? Switzerland's Credit Suisse and France's BNP Paribas, according to The Times' ... Read More

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