WSJ-

A former top U.S. official in charge of investigating the financial crisis said the government has concluded that many inquiries of wrongdoing by financial executives can’t succeed as criminal prosecutions.

“There’s been a realization and a more deliberate targeting by the Department of Justice before we launch criminally on some of these cases” said David Cardona, who was a deputy assistant director at the Federal Bureau of Investigation until he left last month for a job at the Securities and Exchange Commission. The Justice Department has decided it is “better left to regulators” to take civil-enforcement action on those cases, …

[WALL STREET JOURNAL] subscription needed

Related posts:

1. HUFFPO | Financial Crisis Prosecutions On Wall Street Slow To Develop Despite Cries For Justice Shahien Nasiripour HuffPost Reporting shahien@huffingtonpost.com . NEW YORK — After...
2. House Democrats calling for criminal investigation of Goldman Sachs Rep. Kaptur is the one that keeps grilling Geithner on...
3. Wall Street and the Financial Crisis: Anatomy of a Financial Collapse United States Senate PERMANENT SUBCOMMITTEE ON INVESTIGATIONS Committee on Homeland...
4. Ally Financial Faces Charge for Mortgage Losses, Receives Subpoens from DOJ & SEC WSJ- Ally Financial Inc. said it expects to incur a...
5. Breaking News: U.S. investigating possible criminal violations in foreclosure crisis Task force probing whether banks broke federal laws during home...