The National Law Journal reports that senators have been questioning Lanny Breuer about why there haven’t been more fraud prosecutions. Apparently, the Senate wants the Department of Justice “to do more about those who might have contributed to the credit crisis and the recession.”
Why does there have to be a criminal enforcement response to every macroeconomic change that negatively effects people? Are there any serious economists who think that recessions are caused by white collar crime?
More plausible, is that members of the Senate stand a better chance of being reelected if they badger DOJ into trying to put people in prison.
That’s change we can believe in.
If you have questions about how federal criminal charges are different than state criminal charges, please visit this page on Maryland federal criminal charges or Washington DC federal criminal charges.